On this week’s AHR Market review..

Over the week global stock indexes rebounded from a modest setback the previous week, as US equity markets eclipsed record highs set last month.

The U.S. economy saw a substantial boost in May, adding 272,000 jobs, far exceeding the projected 180,000 gain.

Earlier in the week, the Bank of Canada became the first central bank among the G7 nations to cut interest rates in this cycle, reducing its policy rate from 5% to 4.75%.

US equities rose over 1%, whilst US technology rose 2.4% for the week as investors digested softening US economic data.

In commodities, the price of U.S. crude oil fell over 2% for the week to $75 per barrel, its lowest level in four months, after oil-producing countries announced plans for a more gradual phase-out of production cuts.

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

On this week’s AHR Market review.

The major U.S. stock indexes all declined snapping a string of five consecutive weekly gains that had lifted the indexes to record highs.

US inflation held steady in April, a troubling indicator for the Federal Reserve, suggesting that the persistent rate of price increases may endure longer than anticipated and raising doubts about the timeline for potential interest rate cuts.

The personal consumption expenditures (PCE) price index saw a 0.3% rise last month, mirroring the unchanged gain in March, according to the Commerce Department’s Friday report.

The US economy's growth in the first quarter was revised downwards, showing less robustness than initially estimated.

Meanwhile, headline inflation in the eurozone increased for the first time in five months, with the year-over-year rise in consumer prices ticking up to 2.6% in May from 2.4% in the preceding two months, surpassing a consensus estimate of 2.5%. ECB Chief Economist Philip Lane hinted at a potential reduction in borrowing costs at the forthcoming June 6 meeting.

On the global stage, the International Monetary Fund upgraded its forecast for China’s economic growth over the next two years yet cautioned that consumer-focused reforms are necessary to sustain high-quality growth

US equities fell 0.5% over the week whilst US technology fell over 1%, in part due to a disappointing earnings announcement from cloud software provider, Salesforce.

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

On this week’s AHR Market review.

Equity markets were divergent over the week, as earnings announcements from one of the world's largest chipmaker’s masked further concerns around the future path for interest rates in the US.

One of the main factors behind the market's recent divergence has been the impressive performance of artificial intelligence chipmaker Nvidia.

As we near the end of this year's first-quarter earnings season, S&P 500 companies are expected to report solid earnings growth of 10%-11% for the year, a big leap from last year's mere 1% growth rate.

Over in the UK, inflation data revealed a slower-than-expected drop in consumer prices

Value areas of the US equity market fell over 2% during the week, though thanks in large to a rally in Nvidia, the broad US market remained flat for the week whilst US technology rose 1.4%.

The price of oil fell 2.3% for the week to its lowest level in more than three months as a report showed an increase in U.S. crude inventories.

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