Welcome to this week’s AHR market review for the week ending 15th September 2024.

The major global stock indices staged a sharp recovery, posting weekly gains of between 3% and 6%, effectively reversing the steep losses seen the previous week.

Midweek, equity markets initially tumbled following the release of U.S. inflation data, which showed that core inflation (excluding food and energy) edged up by 0.3% in August—slightly above consensus forecasts.

Across the Atlantic, the European Central Bank (ECB) cut its deposit rate for the second time this year, lowering it by a quarter-point to 3.5%, in line with expectations.

US equities surged by over 4% for the week, led by a 6% rally in the tech sector.

Looking ahead, all eyes are on the U.S. Federal Reserve’s two-day meeting, concluding on Wednesday, where the central bank is widely expected to deliver its first rate cut since early 2020.

That’s all for this week’s AHR Weekly Podcast. Thank you for listening and for further investment insights head over to ahrprivatewealth.com.

Welcome to this week’s AHR market review for the week ending 8th September 2024.

U.S. stock indexes posted some of the steepest weekly declines in more than a year, as employment data from the US stoked economic growth concerns and AI champion Nvidia came under scrutiny from the Justice Department.

The latest U.S. labour market data confirmed a weakening trend. Early signals of this were evident in the job openings figures, which dropped to around 7.7 million, marking the lowest point this year.

The closely watched nonfarm payrolls report echoed this softer trend, showing only 142,000 new jobs in contrast to the anticipated 165,000.

Despite these concerning figures, the report wasn't all doom and gloom.

US equities fell over 4% for the week and US technology over 6% as the US labour data release increased concerns around economic growth.

The price of U.S. crude oil fell nearly 8% for the week to the lowest level in about 14 months, with the commodity trading for around $68 per barrel on Friday afternoon.

That’s all for this week’s AHR Weekly Podcast. Thank you for listening and for further investment insights head over to ahrprivatewealth.com.

Welcome to this week’s AHR market review for the week ending 1st September 2024.

Global equity markets etched out modest gains during a week which saw further signs of cooling inflation from the US and Europe, along with an eagerly anticipated earnings announcement from one of the world’s largest companies.

The most closely watched data point was probably the US Labour Department’s release of its core personal consumption expenditures (PCE) price index on Friday morning.

Headline annual inflation in the eurozone also decelerated to 2.2% in August from 2.6% in July, the lowest level in three years and a shade above the ECB’s 2% target. Higher energy costs a year ago were partly responsible for the decline.

In company news, Nvidia published another impressive set of quarterly earnings.

Over the week US equities were slightly positive, up around 0.2% whilst US Technology fell almost 1% driven in part by the volatility of Nvidia following their ‘great’ but ‘not quite good enough’ earnings announcement.

In commodities gold futures pushed their record levels higher for the fifth week in a row, and the commodity briefly topped $2,560 per ounce on Friday morning.

That’s all for this week’s AHR Weekly Podcast. Thank you for listening and for further investment insights head over to ahrprivatewealth.com