AHR Weekly Market Update - Monday 11th November
Manage episode 449599328 series 2891086
Welcome to this week’s AHR market review for the week ending 10th November 2024.
US equities surged to their best weekly performance in over a year, as a decisive result in the US presidential election lifted a cloud of uncertainty from the markets.
With Republicans securing control of the presidency, Senate, and potentially the House, the stock market responded with its strongest post-election rally on record.
The Federal Reserve’s latest policy decision underscored a more cautious approach, with a 25-basis-point cut bringing the federal funds rate to 4.5%-4.75%.
Across the Atlantic, the Bank of England mirrored the Fed’s gradual shift towards easing, lowering its key rate by a quarter-point to 4.75% amid falling inflation.
All major US equity markets hit record highs during the week, with Wednesday’s election results the catalyst for the move.
Meanwhile, US Treasury yields saw substantial volatility, with the 10-year yield surging briefly to 4.48% in mid-week trading before retreating to close around 4.30% on Friday, down from 4.37% the previous week.
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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