{"id":68575,"date":"2022-07-15T23:34:16","date_gmt":"2022-07-15T19:34:16","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=68575"},"modified":"2022-07-15T23:51:03","modified_gmt":"2022-07-15T19:51:03","slug":"us-equities-benefit-from-better-than-expected-data","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/us-equities-benefit-from-better-than-expected-data\/07\/15\/market-updates\/","title":{"rendered":"US equities benefit from better than expected data"},"content":{"rendered":"\n<p>US equities surged on Friday, bringing a positive end to a seemingly disappointing week, as strong retail sales data and a survey hinting at easing inflation expectations tempered concerns over the economic outlook.<br><br>Ealier on the day, Europe\u2019s Stoxx 600 equity index closed 1.8 per cent higher. The S&amp;P 500 share index was up 1.7 per cent by mid-afternoon in New York, but remained on track for a weekly loss of more than 1 per cent. The technology-focused Nasdaq Composite gained 1.6 per cent.<br><br>Friday\u2019s data showed US retail sales rose 1 per cent month on month in June, exceeding economists\u2019 forecasts for a 0.8 per cent gain. Separately, the University of Michigan\u2019s closely watched consumer sentiment index indicated that medium-term inflation expectations had dropped to a one-year low of 2.8 per cent.<br><br>Markets in recent months have been gripped by debate over whether the US economy is strong enough to withstand aggressive rate rises by the Federal Reserve in response to red-hot inflation, after downbeat business surveys cast a pall over the outlook. The S&amp;P is over 19 per cent lower for the year to date.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>US equities surged on Friday, bringing a positive end to a seemingly disappointing week, as strong retail sales data and a survey hinting at easing inflation expectations tempered concerns over the economic outlook.Ealier on the day, Europe\u2019s Stoxx 600 equity index closed 1.8 per cent higher. The S&amp;P 500 share index was up 1.7 per &hellip;<\/p>\n","protected":false},"author":13,"featured_media":31017,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[39,36],"tags":[7002,8439],"class_list":["post-68575","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-global-stock-markets","category-market-updates","tag-retail-sales","tag-us-equities"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/68575","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=68575"}],"version-history":[{"count":4,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/68575\/revisions"}],"predecessor-version":[{"id":68582,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/68575\/revisions\/68582"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/31017"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=68575"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=68575"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=68575"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}