US stocks resumed their upwards push on Friday, while the British pound retreated after weak economic data revived talk of monetary stimulus.
The S&P 500 climbed to yet another record in New York, as a four-week rally was revived after a brief decline Thursday.
US stocks have repeatedly broken records since the surprise June 23 vote by Britain to exit the European Union.
"It's more of a trend-following trade going on. There's nothing fundamentally that I could see that would cause stocks to go higher," said Jack Ablin, chief investment officer at BMO Private Bank.
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The S&P 500 climbed to yet another record in New York, as a four-week rally was revived after a brief decline Thursday.
US stocks have repeatedly broken records since the surprise June 23 vote by Britain to exit the European Union.
"It's more of a trend-following trade going on. There's nothing fundamentally that I could see that would cause stocks to go higher," said Jack Ablin, chief investment officer at BMO Private Bank.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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