Cognitive Finance Blog
7 August 2017
Bassanese Bites: Dow hits record: 07 August 2017
Last week global markets were again fairly subdued, though the Dow Jones did touch a record high helped by ongoing solid US earnings reports, particularly from Apple.
US economic data remained market supportive, indicating reasonable growth and low inflation. While US payrolls surprised on the upside, annual wages growth remained low and steady. America’s core consumer price deflator also remained subdued. All up, the data remains consistent with the Fed still announcing the start of balance sheet normalisation at its next meeting in September……
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