Global stocks rallied for a fourth straight week, boosted by a key report suggesting inflation in the US may have peaked. Quarterly corporate earnings reports also provided more grounds for optimism. The blue-chip S&P 500 and technology focussed Nasdaq indices each gained 3.8%.
Walt Disney shares jumped more than 5% after it reported revenues and profits in the second quarter topped analysts’ forecasts. The entertainment giant’s digital streaming platforms, Disney+, Hulu and ESPN+, added 15.5 million subscribers and their combined paid subscriber base of 221 million overtook Netflix for the first time.
TEAM plc (LON:TEAM) is building a new wealth, asset management and complementary financial services group. With a focus on the UK, Crown Dependencies and International Finance Centres, the strategy is to build local businesses of scale around TEAM’s core skill of providing investment management services.
