Wk28 wrap.14 Jul 2018 08:58
A better all round performance for world mrkts saw Friday's gains boost weekly returns. The Dow crossed 25000, the S&P gained 41 and the Nsdq posted an all time high (7568) suggesting the 'Street'
is coming to terms with Trumps trade policies and focussing on Q2 earnings which could see a huge boost to profits c.20% though early nos from the Banks Citigroup, Wells F and JPM all disappoint. Back in London all indices gained over the session/week. The ftse up 44, All share +26, 250 added 195, S/caps
9, Aim up 8 and even the techs gained, tm100 +2% the t350+3%.
Far East posted similar nos, Tokyo +810, SH added 3% & HK c.1.25%.
Oil ($75.33) slipped $1.86. Gold tumbled $13 ($1242) and sterling (1.323) little changed buffeted by Trumps 'will he---wont he' trade with the UK? G gained 4/5 on the week adding 45 reversing last weeks losses. Have a good wk/end all G men.