Welcome to this week’s AHR market review for the week ending 19th July 2024.

Stocks saw their worst week since April with major indexes under pressure amid a massive global software glitch that stranded flights, interrupted health care services, and interfered with business around the world.

A major factor in the underperformance of growth stocks was a sharp decline in chip stocks on following news that the Biden administration had told allies it was considering severe export curbs if companies such as Tokyo Electron and the Netherlands’ ASML Holding continued providing China with access to advanced semiconductor technology

The Russell 2000, an index of small cap stocks, surged 7.7% over the last two weeks.

Perhaps the most notable change last week was the CBOE’s Volatility Index which climbed 32% in a week.

European stocks followed their US counterpart and ended the week lower amid rising tensions between the US and China.

The European Central Bank (ECB) kept its key interest rates unchanged at 3.75%, as expected.

In the UK, headline inflation held steady at 2% in June, partly due to a meaningful decline in energy costs compared with last year.

Japan’s stock markets generated negative returns over the week, with the Nikkei 225 falling 2.7%, and the broader TOPIX Index down 1.2%.

In the currency markets, the US dollar index rose week over week against a basket of major currencies.

That’s all for this week’s AHR Weekly Podcast. Thank you for listening and for further investment insights head over to ahrprivatewealth.com.

Welcome to this week’s AHR market review for the week ending 14th July 2024.

The U.S. large-cap value stock index outperformed its growth benchmark counterpart for the week, eroding some of the growth style’s wide margin of year-to-date outperformance.

A major factor supporting many stocks appeared to be Thursday’s release of the US Labor Department’s consumer price index (CPI).

A driver of European stock performance in recent weeks has been local elections and during the week the second and final round of voting in France’s parliamentary elections delivered a hung parliament.

US value stocks delivered the strongest returns across US markets for the week posting a return of over 1.5% whilst broad US equities returned just under 1%. European equities ended the week 1.5% higher as investors welcomed lower-than-expected U.S.

Yields of government bonds dropped, as investors took Thursday’s inflation report as an indication that interest-rate cuts could be coming sooner rather than later.

That’s all for this week’s AHR Weekly Podcast. Thank you for listening and for further investment insights head over to ahrprivatewealth.com.

Welcome to this week’s AHR market review for the week ending 7th July 2024.

In a week filled with economic and political activity across the globe, global equity markets pushed higher into new record highs.

Two critical pillars of the U.S. economy, the services sector and the labour market, are exhibiting signs of moderation.

The U.S. unemployment rate edged up from 4% to 4.1%, surpassing the Federal Reserve's estimate of 4% for the year.

In the UK, Sir Keir Starmer’s Labour Party won a resounding victory in the UK’s general election, ending 14-years of turbulent Conservative rule.

US Technology and broad US equities pushed their record levels higher again, posting weekly total returns of 3.5% and 2.0%, respectively.

In commodities oil prices have continued their upward trajectory, marking the fourth consecutive week of gains and reaching their highest levels in over two months.

That’s all for this week’s AHR Weekly Podcast. Thank you for listening and for further investment insights head over to ahrprivatewealth.com.