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AHR Weekly Market Update - Monday 11th March
Manage episode 405843360 series 2891086
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On this week’s AHR Market review.
Global equity markets ended the week mixed as fixed income markets posted gains following key central bank announcements and US employment data that showed a healthy but slowing US labour market.
The U.S. nonfarm-jobs report last week was somewhat mixed but overall pointed to early signals of a U.S. labour market that is cooling.
In testimony before Congress, U.S. Federal Reserve Chair Jerome Powell reiterated the central bank's intention to cut interest rates at some point this year, provided inflation data continues to show continued easing.
UK Chancellor of the Exchequer Jeremy Hunt, in his last Spring Budget before a general election, unveiled a reduction in national insurance rates that would amount to a GBP 10 billion payroll tax cut.
US equities finished slightly lower for the week whilst US technology fell -1.2%. European equities rose 1.14% to record highs whilst the UK market fell 0.3%.
The yield of the 10-year U.S. Treasury bond fell to its lowest level in five weeks.
In commodities, oil prices fell -2.7% over the week whilst the price of gold futures surged more than 6% to a record high of around $2,200 an ounce on Friday afternoon.
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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