AHR Weekly Market Update - Monday 29th April

30/04/2024 4 min Temporada 1 Episodio 136
AHR Weekly Market Update - Monday 29th April

Listen "AHR Weekly Market Update - Monday 29th April"

Episode Synopsis

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.