Weekly comment MM Prime TFI - July 18, 2016
Last week major stock indices liked the green color. In Europe, German DAX went up by 4.5%, French CAC40 rose by 4.3% and British FTSE250 soared by 3.4%. In the US, the DJI took off by 2%, while the NASDAQ and the S&P500 grew by 1.5%. Lately, the market sentiment was extremely bullish, especially in the US. Thus, the DJI and S&P500 managed to reach its historical peaks. It seemed that the emotions connected with Brexit subsided. Investors focused on data from the US economy. The dynamics of the industrial production and the retail sales amounted to -0.7% y/y and 2.7% y/y.