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AHR Weekly Market Update - Monday 5th August
Manage episode 433999403 series 2891086
AHR Weekly Market Update에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 AHR Weekly Market Update 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.player.fm/legal.
Welcome to this week’s AHR market review for the week ending 4th August 2024.
An eventful week for markets saw a host of central bank rate decisions and volatility towards the back end of the week following unexpected employment data released from the US Labour Department.
The U.S. unemployment rate jumped to near a three-year high of 4.3% in July amid a significant slowdown in hiring, heightening fears the labour market was deteriorating and potentially making the economy vulnerable to a recession.
Whilst earlier in the week the US Federal Reserve meeting went as expected with rates held steady, the Bank of England cut its key interest rate by a quarter point to 5.00%, its first reduction to borrowing costs since the start of the coronavirus pandemic in March 2020.
Companies representing nearly 40% of the S&P 500’s market capitalization reported second-quarter earnings during the week, including four of the Magnificent Seven—Microsoft, Meta Platforms (Facebook), Apple, and Amazon.com.
The US Technology index entered correction territory during the week as it has now fallen 10% from it’s recent high, down 3.4% for the week.
The shifting interest-rate outlook and fresh economic data fuelled a price rally for government bonds, sending the yield of the 10-year U.S.
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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