AHR Weekly Market Update - Monday 16th December
Manage episode 459931615 series 2891086
Welcome to this week’s AHR market review for the week ending 15th December 2024.
Global equity markets retreated over the week as US inflation ticked higher, the ECB cut interest rates, and the UK economy contracted for the second month in a row.
The release of November’s US Consumer Price Index (CPI) marked the final major economic indicator ahead of this week’s Federal Reserve meeting.
Headline CPI ticked up to 2.7% year-on-year, marking its second consecutive increase—something not seen in the last eight months.
Across the Atlantic, the European Central Bank (ECB) cut its key deposit rate by 0.25 percentage points to 3.0%, its fourth reduction this year.
Over in the UK, the economy is showing signs of strain after a strong start to the year.
With inflation in the services sector still stubbornly high, the Bank of England is expected to hold interest rates steady at its upcoming policy meeting.
Over the week US equity markets fell over 0.5% although growth outperformed value with US technology etching out a 0.5% gain.
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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