• AHR Weekly Market Update - Monday 13th May

  • May 13 2024
  • Length: 4 mins
  • Podcast

AHR Weekly Market Update - Monday 13th May By cover art

AHR Weekly Market Update - Monday 13th May

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  • Summary

  • On this week’s AHR Market review.

    Equity markets rose for the third week in a row as quarter one earnings season draws to close and US markets once again get close to all-time highs.

    With 90% of S&P 500 companies now having disclosed their earnings for the first quarter, the results have surpassed analyst predictions by a notable 8.5%, marking the most significant positive surprise since the third quarter of 2021.

    Furthermore, profitability has seen an uptick after facing pressures throughout 2022 and part of 2023, largely due to a moderation in input-cost inflation.

    Looking at monetary policy, the Bank of England (BoE) opted to maintain its base rate at 5.25%, following a 7-2 majority decision by its Monetary Policy Committee (MPC) at its recent meeting.

    Over the week the US equities added around 2% and US technology rose over 1%.

    Looking to the week ahead, all eyes will be on the US CPI release on Wednesday.

    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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