On this week’s AHR Market review.
The major U.S. stock indexes all declined snapping a string of five consecutive weekly gains that had lifted the indexes to record highs.
US inflation held steady in April, a troubling indicator for the Federal Reserve, suggesting that the persistent rate of price increases may endure longer than anticipated and raising doubts about the timeline for potential interest rate cuts.
The personal consumption expenditures (PCE) price index saw a 0.3% rise last month, mirroring the unchanged gain in March, according to the Commerce Department’s Friday report.
The US economy's growth in the first quarter was revised downwards, showing less robustness than initially estimated.
Meanwhile, headline inflation in the eurozone increased for the first time in five months, with the year-over-year rise in consumer prices ticking up to 2.6% in May from 2.4% in the preceding two months, surpassing a consensus estimate of 2.5%. ECB Chief Economist Philip Lane hinted at a potential reduction in borrowing costs at the forthcoming June 6 meeting.
On the global stage, the International Monetary Fund upgraded its forecast for China’s economic growth over the next two years yet cautioned that consumer-focused reforms are necessary to sustain high-quality growth
US equities fell 0.5% over the week whilst US technology fell over 1%, in part due to a disappointing earnings announcement from cloud software provider, Salesforce.
That’s all for this week’s AHR Weekly Podcast. Thank you for listening and for further investment insights head over to ahrprivatewealth.com.
On this week’s AHR Market review.
The major U.S. stock indexes all declined snapping a string of five consecutive weekly gains that had lifted the indexes to record highs.
US inflation held steady in April, a troubling indicator for the Federal Reserve, suggesting that the persistent rate of price increases may endure longer than anticipated and raising doubts about the timeline for potential interest rate cuts.
The personal consumption expenditures (PCE) price index saw a 0.3% rise last month, mirroring the unchanged gain in March, according to the Commerce Department’s Friday report.
The US economy's growth in the first quarter was revised downwards, showing less robustness than initially estimated.
Meanwhile, headline inflation in the eurozone increased for the first time in five months, with the year-over-year rise in consumer prices ticking up to 2.6% in May from 2.4% in the preceding two months, surpassing a consensus estimate of 2.5%. ECB Chief Economist Philip Lane hinted at a potential reduction in borrowing costs at the forthcoming June 6 meeting.
On the global stage, the International Monetary Fund upgraded its forecast for China’s economic growth over the next two years yet cautioned that consumer-focused reforms are necessary to sustain high-quality growth
US equities fell 0.5% over the week whilst US technology fell over 1%, in part due to a disappointing earnings announcement from cloud software provider, Salesforce.
That’s all for this week’s AHR Weekly Podcast. Thank you for listening and for further investment insights head over to ahrprivatewealth.com.