AHR Weekly Market Update - Monday 29th January
On this week’s AHR Market review.US equity markets etched higher to new record highs over the week, as global equity markets rallied following positive US economic data, European Central Bank comments and the announcement of Chinese economic stimulus.U.S. economic growth continues to surprise to the upside. Fourth-quarter GDP growth in the U.S. came in at 3.3% annualised, well above expectations of 2.0% growth.The ECB kept its key interest rates at current record highs of 4% at last weeks policy meeting and confirmed that it would keep monetary policy at restrictive levels for as long a necessary.US stocks closed the week up 1.1% as investors digested the implications of more positive economic growth and inflation data.An upside surprise in weekly jobless claims on Thursday helped balance out some of the strong economic readings, leaving the benchmark 10-year U.S.U.S. crude oil climbed nearly 7% for the week as the price reached $78 per barrel, the highest level in almost two months.Looking to the week ahead investors will be watching closely the US Federal Reserve’s interest rate announcement on Wednesday and earnings results released by some of the US markets largest constituents, Apple, Amazon, Microsoft, and Alphabet.That’s all for this week’s AHR Weekly Podcast. Thank you for listening and for further investment insights head over to ahrprivatewealth.com.