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AHR Weekly Market Update - Monday 8th July
Manage episode 427991635 series 2891086
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Welcome to this week’s AHR market review for the week ending 7th July 2024.
In a week filled with economic and political activity across the globe, global equity markets pushed higher into new record highs.
Two critical pillars of the U.S. economy, the services sector and the labour market, are exhibiting signs of moderation.
The U.S. unemployment rate edged up from 4% to 4.1%, surpassing the Federal Reserve's estimate of 4% for the year.
In the UK, Sir Keir Starmer’s Labour Party won a resounding victory in the UK’s general election, ending 14-years of turbulent Conservative rule.
US Technology and broad US equities pushed their record levels higher again, posting weekly total returns of 3.5% and 2.0%, respectively.
In commodities oil prices have continued their upward trajectory, marking the fourth consecutive week of gains and reaching their highest levels in over two months.
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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