))
AHR Weekly Market Update - Monday 16th October
Manage episode 379934900 series 2891086
Sisällön tarjoaa AHR Weekly Market Update. AHR Weekly Market Update tai sen podcast-alustan kumppani lataa ja toimittaa kaiken podcast-sisällön, mukaan lukien jaksot, grafiikat ja podcast-kuvaukset. Jos uskot jonkun käyttävän tekijänoikeudella suojattua teostasi ilman lupaasi, voit seurata tässä https://fi.player.fm/legal kuvattua prosessia.
On this week’s AHR Market review..
Equity markets were mixed for the week as investors digested inflation data, economic growth forecasts and dovish comments from members of the US Federal Reserve.
Economic growth looks set to slow in the coming year as the International Monetary Fund kept its global growth forecast for 2023 unchanged at 3% but cut its 2024 forecast to 2.9% from 3.0%.
In the US the September inflation reading, released last week, was slightly hotter than expected and served as a reminder of the upside risks to rates.
Citigroup, Wells Fargo, and JPMorgan Chase kicked off third quarter earnings season in the US, with each one exceeded analysts’ expectations for net income and revenue.
Major US equity indices posted fractional gains for the week of around 0.4%, whilst US Technology fell 0.2%.
Yields of U.S. government bonds modestly retreated as the 10-year Treasury yield fell to 4.63% due to demand for safe-haven assets after last weekend’s escalation of violence in Israel and Palestine.
Oil prices rallied 5.9% over the week on concerns that the Israel-Palestine conflict could see future production and transport disruption.
That’s all for this week’s AHR Weekly Podcast. Thank you for listening and for further investment insights head over to ahrprivatewealth.com.
156 jaksoa
Jaa
