AHR Weekly Market Update - Monday 10th July
Manage episode 370927860 series 2891086
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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