STOCK MARKET BLOG JULY 2023

by the CEO Silvano Grimaldi of the independent asset management company GRIMALDI & PARTNERS AG

MONTHLY REVIEW

The international stock markets ended the month of JULY with gains.

DRIVING FACTORS

Surprisingly sharp drop in inflation in the US to 3% has put everyone in a good mood.
Robust economic data from the USA / a resilient US economy: among other things, consumer sentiment brightened unexpectedly in July.
Expectations of a near peak in the Federal Reserve's monetary tightening cycle.
China's economic measures are encouraging investors: China wants to give the country's ailing real estate market more support. Specifically, it is about the deferral of real estate loans.

EQUITIES IN FOCUS

META - AI drives ad revenue estimates & good quarterly figures

Meta shares are up nearly 8% as a rosy revenue forecast showed

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