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AHR Weekly Market Update - Monday 14th October
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Welcome to this week’s AHR market review for the week ending 13th October 2024.
The US equity markets surged to fresh record highs this week, while emerging markets, particularly China, saw a pause following their recent rally spurred by stimulus measures.
In the United States, inflation data revealed a modest increase. The consumer price index (CPI) rose by 0.2% in September, matching the previous month’s rise.
On an annual basis, inflation eased to 2.4%—the smallest increase since February 2021—down from a 2.5% rise the previous month.
Also, during the week, earnings season began in earnest, with two major US banks posting strong third-quarter results, helping to lift their shares.
Following the recent rally in Chinese equities, China’s National Development and Reform Commission reiterated its commitment to ramping up countercyclical measures to support growth.
Across global markets, US equities rose more than 1% for the week, led by financial stocks.
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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