Jul 29, 2022
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The FTSE All-World index of developed and emerging market shares has jumped more than 6 per cent in July, with sentiment boosted this week by resilient quarterly updates from America's tech titans that signalled the dominant US equity sector could withstand an economic slowdown. According to the commerce department, the headline index rose 1 per cent in June, after rising 0.6 per cent in May. That lifted the annual rate to 6.8 per cent, above the 6.3 per cent increase during the previous period. The FTSE All-World index of developed and emerging market shares has jumped 6 per cent in July, with sentiment boosted this week by resilient quarterly updates from America's tech titans that signalled the dominant US equity sector could withstand an economic slowdown. Inflation accelerated to 8.9 per cent, up from an already unprecedented 8.6 per cent in June, driven by a 40 per cent in energy prices and a 10 per cent rise in food costs. In the final quarter of 2021, real GDP flatlined instead of shrinking by 0.3 per cent compared with the previous quarter, and at the start of the year it rose 0.8 per cent instead of just 0.2 per cent.
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