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AHR Weekly Market Update - Monday 10th June
Manage episode 422805017 series 2891086
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On this week’s AHR Market review..
Over the week global stock indexes rebounded from a modest setback the previous week, as US equity markets eclipsed record highs set last month.
The U.S. economy saw a substantial boost in May, adding 272,000 jobs, far exceeding the projected 180,000 gain.
Earlier in the week, the Bank of Canada became the first central bank among the G7 nations to cut interest rates in this cycle, reducing its policy rate from 5% to 4.75%.
US equities rose over 1%, whilst US technology rose 2.4% for the week as investors digested softening US economic data.
In commodities, the price of U.S. crude oil fell over 2% for the week to $75 per barrel, its lowest level in four months, after oil-producing countries announced plans for a more gradual phase-out of production cuts.
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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