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AHR Weekly Market Update - Monday 27th May
Manage episode 420728036 series 2891086
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On this week’s AHR Market review.
Equity markets were divergent over the week, as earnings announcements from one of the world's largest chipmaker’s masked further concerns around the future path for interest rates in the US.
One of the main factors behind the market's recent divergence has been the impressive performance of artificial intelligence chipmaker Nvidia.
As we near the end of this year's first-quarter earnings season, S&P 500 companies are expected to report solid earnings growth of 10%-11% for the year, a big leap from last year's mere 1% growth rate.
Over in the UK, inflation data revealed a slower-than-expected drop in consumer prices
Value areas of the US equity market fell over 2% during the week, though thanks in large to a rally in Nvidia, the broad US market remained flat for the week whilst US technology rose 1.4%.
The price of oil fell 2.3% for the week to its lowest level in more than three months as a report showed an increase in U.S. crude inventories.
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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