Most global markets ended last week in the green after a roller-coaster week of upbeat data and earnings reports, as well as continued accommodative monetary policies, combined with negative sentiment regarding the Covid-19 Delta variant.
European indices ended higher on Friday after sentiment across the continent was boosted by upbeat earnings reports and another dovish pledge from the European Central Bank to keep its monetary policy accommodative for the foreseeable future.
Wall Street traded near record highs Friday evening after growth-related shares once again outperformed other market sectors.
The US Markit manufacturing PMI hit another record high of 63.1 in July 2021, easily beating market forecasts, although price pressures and material shortages continue to weigh.
Although the rand weakened further Friday evening mainly due to a stronger US dollar, the JSE close up by 0.98%.
While Japan’s Nikkei was closed for a public holiday and the start of the Tokyo Olympics, shares in Hong Kong fell as Beijing’s tighter regulations continued to weigh on sentiment.
In commodity markets, copper prices rose, while the price of oil and gold fell slightly.
Read full report
Add Chart to Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
- Enrich the conversation
- Stay focused and on track. Only post material that’s relevant to the topic being discussed.
- Be respectful. Even negative opinions can be framed positively and diplomatically.
- Use standard writing style. Include punctuation and upper and lower cases.
- NOTE: Spam and/or promotional messages and links within a comment will be removed
- Avoid profanity, slander or personal attacks directed at an author or another user.
- Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
- Only English comments will be allowed.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.