BT Portfolio Analyst Dominic Mlcek explores how global and domestic activity has influenced Australian equities, ranging from Chinese policies and trade, the resources sector along with interest rates in the US.
US shares in July faced the usual buffeting from political events – both domestic and geo-political – but improving economic data and corporate profit results proved more than a match for the negative headlines, pushing the three main US indices higher.
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The June quarter saw a battle between geo-politics and economics, as investors struggled to lift their eyes from dire headlines, only then to read about improving longer-term economic data and corporate earnings prospects.