Welcome to this week’s AHR market review for the week ending 14th July 2024.
The U.S. large-cap value stock index outperformed its growth benchmark counterpart for the week, eroding some of the growth style’s wide margin of year-to-date outperformance.
A major factor supporting many stocks appeared to be Thursday’s release of the US Labor Department’s consumer price index (CPI).
A driver of European stock performance in recent weeks has been local elections and during the week the second and final round of voting in France’s parliamentary elections delivered a hung parliament.
US value stocks delivered the strongest returns across US markets for the week posting a return of over 1.5% whilst broad US equities returned just under 1%. European equities ended the week 1.5% higher as investors welcomed lower-than-expected U.S.
Yields of government bonds dropped, as investors took Thursday’s inflation report as an indication that interest-rate cuts could be coming sooner rather than later.
That’s all for this week’s AHR Weekly Podcast. Thank you for listening and for further investment insights head over to ahrprivatewealth.com.
