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AHR Weekly Market Update - Monday 26th August
Manage episode 436470925 series 2891086
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Welcome to this week’s AHR market review for the week ending 25th August 2024.
Global markets demonstrated resilience this week, with the S&P 500, NASDAQ, and Dow Jones all advancing by over 1%.
In his speech delivered at the Jackson Hole symposium, Powell signalled a potential shift in monetary policy, stating that "the time has come for policy to adjust."
Across the Atlantic, the Eurozone showed signs of economic momentum, with business activity picking up in August after stagnating in July.
In equity markets, U.S. stocks closed the week 1.4% higher, mirroring gains in European equities, as Powell's speech heightened expectations of an impending interest rate cut.
The increasing anticipation of interest rate cuts contributed to a volatile week for U.S.
In the commodities market, U.S. crude oil prices experienced a dip, with the price per barrel dropping to $71.46 on Wednesday—the lowest level in over six months.
That’s all for this week’s AHR Weekly Podcast. Thank you for listening and for further investment insights head over to ahrprivatewealth.com.
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