AHR Weekly Market Update Podcast

AHR Weekly Market Update - Monday 29th April

April 30, 2024 AHR Weekly Market Update Season 1 Episode 136
AHR Weekly Market Update - Monday 29th April
AHR Weekly Market Update Podcast
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AHR Weekly Market Update Podcast
AHR Weekly Market Update - Monday 29th April
Apr 30, 2024 Season 1 Episode 136
AHR Weekly Market Update

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.

Show Notes

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.