AHR Weekly Market Update - Monday 29th April
Manage episode 415369100 series 2891086
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.
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