AHR Weekly Market Update - Monday 18th March
Manage episode 407682044 series 2891086
On this week’s AHR Market review.
Welcome to this week’s AHR market review for the week ending 17th March 2024.
Inflation data from the US came in slightly above expectations, leading to a second week of declines for US equity markets whilst European equities etched out gains
The US consumer price index rose 0.4% last month after climbing 0.3% in January. Gasoline prices rebounded 3.8% after declining in January.
The producer price index (PPI) rose 0.6% in February, roughly double consensus estimates and the most in six months.
In the UK the unemployment rate unexpectedly rose from 3.8% to 3.9% in the three months to the end of January.
US equities finished the week marginally negative following mixed inflation data announcements.
Yields of U.S. government bonds rose as the latest inflation data produced a slight shift in the interest-rate outlook.
Looking to the week ahead the U.S. Federal Reserve is expected to keep its benchmark interest rate unchanged at its meeting that concludes Wednesday, and Fed observers will watch for any clues about the timing of eventual rate cuts this year.
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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