8 May 2018

Bassanese Bites: Goldilocks economy? – Week beginning: 08 May 2018

Simmering trade tensions and Fed fears meant global equities were generally subdued over much of last week, but ended with a bang after Buffett decided to take another bite of Apple and US wage growth remained benign. America’s S&P 500 surged 1.3% on Friday but ended the week down 0.2%. US earnings results remained generally upbeat, with Apple being just the latest tech giant to surprise on the upside. US economic data tended to confirm the economy remained solid with inflation edging up only gradually (leading the US Fed’s San Francisco president John Williams to describe the US last week as a “Goldilocks economy”).

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