30 July 2018

Bassanese Bites: Inflation Test – Week beginning: 30 July 2018

Global markets enjoyed another “risk on” week thanks to still broadly encouraging US earnings reports and a thawing in US-EU trade tensions.

As regards US earnings, while there were some mixed headline results (Amazon and Google did well, Facebook and Intel did not), FactSet suggests an above-average 83% of the 50% of S&P 500 companies that have reported Q2 results so far beat expectations. With wages benign and overall economic growth strong (Q2 US GDP grew at a blistering 4.1% annualised pace), the US earnings backdrop remains solid.

Click to read the Full Report

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