US stock markets closed higher in trading (29/07); with all three main indexes simultaneously entered the green. US Q2 GDP data was reported up 6.5% yoy;
although still below the consensus projection of 8.5%. Market participants welcomed the recorded growth in consumer spending and business investment.
In line with the majority of global markets, JCI managed to close in the green zone although it has not been able to get out of the consolidation range. Increases were recorded in 8 of the 11 main sectors; amid optimism that more foreign funds will enter after the Fed maintains interest rates. Towards the end of the week, the JCI has the opportunity to continue strengthening with a range of movement at 6,000-6,166.
Download full report HERE.