))
AHR Weekly Market Update - Monday 29th April
Manage episode 415369100 series 2891086
Content provided by AHR Weekly Market Update. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by AHR Weekly Market Update or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.
On this week’s AHR Market review.
Equity markets staged a recovery over the week following the recent slump.
In the U.S., approximately a third of S&P 500 companies, accounting for 40% of the index's market cap, have reported their earnings for the first quarter.
Economic data from the U.S. painted a less rosy picture. The Commerce Department's preliminary estimate indicated that the economy grew at a meagre annualised rate of 1.6% in the first quarter, significantly trailing the anticipated 2.5%.
The Commerce Department also highlighted that core personal consumption expenditures (PCE) inflation—which strips out volatile food and energy prices—climbed at an annualised 3.7% in the first quarter, outpacing expectations and exceeding the Federal Reserve's 2% target for sustainable inflation.
U.S. equities ended the week up by 2.7%, buoyed by strong earnings, with technology stocks particularly strong, rallying by 4.2%.
In fixed income markets, global yields increased over the week, reacting to the higher-than-anticipated U.S. inflation figures.
That’s all for this week’s AHR Weekly Podcast. Thank you for listening and for further investment insights head over to ahrprivatewealth.com.
142 episoade
Distribuie
