Global markets posted modest gains of 0.4% for the week bringing the YTD return to -1.3% as investors reacted to positive earnings reports from leading US tech companies and the US Fed’s commitment to support the US economy. Economic data weighed on sentiment as the US economy shrank 32.9% annualised in Q2, the steepest drop on record since the Commerce Department began tracking GDP data in 1947, highlighting the impact that the coronavirus lockdowns have taken on the US economy. CLICK HERE