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AHR Weekly Market Update - Monday 10th July
Manage episode 370927860 series 2891086
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On this week’s AHR Market review
US markets were closed Tuesday for the Independence Day holiday, stocks generally closed the week lower in a fairly quiet week
The main focus for the week was on US job reports, which offered mixed signals as to the strength of the labour market.
Over the week, the S&P 500 and the NASDAQ slipped around 1% and the Dow fell nearly 2%. STOXX Europe 600 Index fell 3.09% on fears that central banks might need to keep tightening monetary policy, whilst The UK’s FTSE 100 Index dropped 3.65%.
Renewed worries about the outlook for more interest-rate increases sent yields of U.S. government bonds higher for the second week in a row.
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