Mirae Asset Sekuritas Indonesia Global Market
(July 30, 2018)
Investment Information Team)
(angga.choirunnisa@miraeasset.co.id)
U.S
Stock market ends lower after disappointing results from Twitter, bellwethers
U.S. stocks closed lower Friday following disappointing results from Twitter Inc. and bellwethers, including Exxon and Intel. The highly-anticipated release of gross domestic product data also showed that economic growth remains relatively strong but came in a shade below lofty expectations.
The S&P 500 index SPX, -0.66% shed 18.62 points, or 0.7%, to 2,818.82
Consumers and government spending powered the economy to a 4.1% rate of gross domestic product growth in the second quarter, the fastest pace of growth in almost four years, although it was slightly below the 4.2% rate predicted, on average, by economists surveyed by MarketWatch.
President Donald Trump called the report “amazing” and “very sustainable.” Economists, on the other hand, said this pace of expansion wasn’t likely to last.
Europe
European stocks end higher as Carrefour rallies, logging their best week in 4 months
European stocks on Friday finished with their strongest weekly gain in more than four months, with Carrefour’s shares surging as the French retailer added to a batch of better-than-expected earnings reports that have helped push regional equities to a six-week high.
The Stoxx Europe 600 index SXXP, +0.40% closed up 0.4% at 392.08.
European stocks extended Thursday’s climb that took German stocks to a five-week high. Those moves came after European Commission President Jean-Claude Juncker and U.S. President Donald Trump said they would work on tamping down trade-related tensions between the U.S. and the European Union. The two said they’ll move toward “zero tariffs” and “zero subsidies on non-auto industrial goods,” among other actions.
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