AHR Weekly Market Update - Monday 24th July
On this week’s AHR Market reviewAs the second-quarter earnings season in the US picked up momentum, optimism surrounding moderate inflation's potential to avert a severe recession propelled equity markets higher for the weekLast week saw stocks continuing their upward trajectory, building on the impressive gains of 2023, bringing the S&P 500 within 6% of its all-time highIn the UK, inflation in June fell to its slowest pace in over a year, leading to a weaker pound against other currencies and a lift in the stock market.China reported that its economy grew at an annual rate of 6.3% in the second quarter of the year.In the US, value stocks outperformed growth stocks, with the Dow Jones rising 2.1% and the S&P 500 climbing 0.7% over the weekTo hear more click the link.