AHR Weekly Market Update - Monday 30th September

AHR Weekly Market Update Podcast

Welcome to this week’s AHR market review for the week ending 29th September 2024.

Global equity markets experienced a buoyant week, bolstered by fresh economic stimulus measures from China and softer-than-expected US inflation figures.

China’s central bank unveiled a series of initiatives designed to revitalise stock markets and provide support to its beleaguered property sector.

In Europe, equity markets notched solid gains, with the broader index reaching its previous highs.

Over in the US, the Federal Reserve's preferred inflation measure, the Personal Consumption Expenditures (PCE) Index, revealed a gradual easing of price pressures.

US equities ended the week with modest gains, extending their winning streak to a third consecutive week. European stocks were buoyed by China’s policy announcements, rising 2.69%, while UK equities posted a gain of over 1%.

Meanwhile, US crude oil prices slid nearly 4% for the week, ending below $69 per barrel by Friday, a sharp drop from July's high of nearly $84, leaving oil prices little changed for the year.

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