Markets reacted positively to the news the US had not slowed to the 1.4% expected in the second quarter.
The US economy will continue to see challenges until unemployment improves, according to Cavendish's Tim Roberts, who says he still cannot rule out a double-dip recession.
America's largest stock markets reported very light trading volumes on Monday as a flurry of M&A did little to reassure investors of the strength of the global recovery.
During our meetings with clients and prospects in mid-June, we expressed the view that the spring market correction - driven mainly by global macro concerns - would shift to a more positive tone as the US earnings reporting season for the second quarter...
Worse-than-expected economic data from the US last week reignited fears of a double-dip recession, but managers are cautiously optimistic the economy will remain supportive of global growth.