Overall Market Backdrop, April

• Nationwide Building Society chief economist, Robert Gardner, has noted “tentative signs of a recovery” in the UK housing market, following a 0.5% rise in house prices last month (after taking into account seasonal effects).
• Following the debut of ChatGPT last year, tech giants Microsoft, Google, and Meta have undergone notable transformations in their approach towards artificial intelligence (AI).
• As we await UK and U.S. inflation figures, Eurozone inflation surprisingly rose slightly to 7% in April, up from 6.9% the previous month, posing a challenge for the rate-setters at the European Central Bank (ECB) who meet in early May to address the stubbornly high inflation.

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