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Editor's note
At the halfway point in the year, the outlook is brighter than it seemed a few months ago. The war in the Middle East isn’t fully settled, but the market has moved on and is more focused now on the upside from AI (artificial intelligence).
Economic and market outlook
Looking into the second half of the year, we are marginally wiser on the major issues of the moment, but financial markets seem to have made their minds up on a few things. Most importantly, that the energy crisis will not materialise as feared, and that AI (artificial intelligence) will be bigger than we previously expected.
Equity outlook
Global equities delivered strong returns in the first half of the year with the Developed World index rising almost 13% and Emerging Market indices soaring 27%. This may seem surprising given the geopolitical backdrop.
Davy at 100
In 1926, when James and Eugene Davy opened the doors of their new business, Ireland was a young Free State, predominantly rural, economically fragile and still recovering from years of political upheaval. One hundred years later, Ireland is one of the world’s most globalised economies and Davy is celebrating its centenary. The journeys of both Davy and the country reflect a century of extraordinary change.
