On this week’s AHR Market review.
Despite volatility increasing into the start of 2024, US equity markets pushed ahead to new record levels over the week, supported by a rally in technology and communication services.
Chances of a rate cut by the US Federal Reserve in March fell sharply over the week, from 81% to 47%, according to futures markets data.
UK inflation data surprised to the upside for the month of December with the annual rate ticking higher to 4.0% from 3.9% in November, the first increase in 10 months.
US equity markets pushed to all time highs over the week, up 1.2%, with US technology adding 2.3%.
Moving into the week ahead investors will be keeping a close eye on the release of fourth quarter US GDP growth and PCE inflation data released over the week.
One area that is likely to support lower inflation data in the year ahead is that of shelter and rent.
That’s all for this week’s AHR Weekly Podcast. Thank you for listening and for further investment insights head over to ahrprivatewealth.com.