AHR Weekly Market Update - Monday 4th September
On this week’s AHR Market review..The week appeared to be one in which bad news for the economy was considered good news for stock prices, given the interest rate implications...US non-farm payrolls expanded by 187,000, modestly surpassing the consensus estimate of a 170,000 increase..In response to cooling labour market conditions, financial markets continued to anticipate a pause in the Federal Reserve's interest rate hikes..Across the board, major US large-cap stock indexes reported weekly gains, with the NASDAQ and S&P 500 leading the way, up by 3.2% and 2.5%, respectively, while the Dow Jones gained 1.4%..After surging above 5.00% the previous week, the yield on the 2-year US Treasury bond retreated..In the realm of commodities, oil prices surged during the week, with WTI prices climbing by 7.6%, driven by positive stimulus announcements from China..To hear more click the link.