|Data for week commencing 22 July 2019|
All-time closes are happening almost everywhere, with the Nasdaq and S&P500 beating previous record highs to join our All Ords, which hit 6901.9 on Thursday. However, a “Houston, we have a problem” issue surfaced last night for the US market, with the Yanks’ economy growing faster than experts thought!
Growth was supposed to be around 1.8% (like ours) but came in at 2.1%. It’s notable that consuming spending rose by 4.3% but business investment dropped by 5.5%, which has to be linked to the trade war.