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AHR Weekly Market Update - Monday 25th November
Manage episode 451982846 series 2891086
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Welcome to this week’s AHR market review for the week ending 24th November 2024.
US equities led global markets this week, with the S&P 500 advancing around 2% as small-cap and value stocks outperformed growth counterparts.
Investor sentiment was buoyed by economic data from the US, where initial jobless claims fell unexpectedly to 213,000, the lowest level since April 2024.
Adding to the upbeat tone, nearly all third-quarter earnings results are now in, with S&P 500 companies on track to post an average year-over-year growth of 5.8%.
In the UK, inflation pressures mounted significantly in October.
Despite this, UK equities emerged as a standout performer among European markets, rising 2.5% over the week.
After a sharp decline the prior week, US crude oil prices rebounded, gaining more than 6% to trade above $71 per barrel on Friday.
In the cryptocurrency market, Bitcoin extended its record-breaking rally, climbing above $99,000 by week’s end.
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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