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AHR Weekly Market Update - Monday 11th December
Manage episode 388819715 series 2891086
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On this week’s AHR Market review..
Equity markets recorded another positive week as the strong end to the year continues, US equities recording their sixth straight week of gains and reaching their highest levels so far this year.
The U.S. economy added 199,000 jobs in November, slightly more than expected, with the unemployment rate falling to a four-month low of 3.7%.
Ratings agency Moody’s cut its outlook on China’s government debt from stable to negative citing concerns with an economic slowdown and property crisis.
Over the week US equities etched out a 0.2% gain, with US technology rising 0.7%. European equities advanced for a fourth consecutive week, ending 1.3% higher and UK equities added 0.3%. Japan’s stock markets lost ground over the week, falling 3.4%, as speculation about Bank of Japan policy normalization saw the yen strengthen against the U.S. dollar to its highest level in nearly four months.
The data on US job openings seemed to drive a continued decrease in long-term interest rates over much of the week, with the yield on the benchmark 10-year U.S.
The price of U.S. crude oil slipped below $70 per barrel on Wednesday to the lowest level in more than five 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.
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