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AHR Weekly Market Update - Monday 6th May
Manage episode 416861182 series 2891086
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On this week’s AHR Market review.
In a week filled with US economic data, Fed rate decisions and corporate earnings announcements, global equity and bond markets edged higher.
The U.S. Federal Reserve held interest rates steady on Wednesday and signalled it is still leaning towards eventual reductions in borrowing costs but put a red flag on recent disappointing inflation readings that could make those rate cuts a while in coming.
Key US employment data released during the week saw the U.S. economy add 175,000 jobs in April, notably below consensus estimates of 240,000 new payrolls.
Profits at some of the biggest technology companies continued to improve as earnings season neared an end.
Whilst the US fed rate announcement went largely as expected, the softer US labour data was received positively by markets and saw US equities record a 0.5% return for the week, with US technology adding 1.4%.
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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