2010-07-27
Market Report – 27 July 2010
» US equities posted solid gains on Tuesday in response to encouraging earnings results and economic data. Shares in FedEx rose 5.6% after the package delivery company lifted its business outlook. The Dow Jones rose by 100 points or 1.0% with the S&P 500 up 1.1%, and the Nasdaq rose almost 27 points or 1.2%.
» European shares rose for a fourth day to five-week highs on Monday as investors reacted positively to the bank stress test results.
» The US dollar weaker against most currencies with the EUR and the AUD the main gainers overnight.
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