020 7898 0500Apple achieved the seemingly unthinkable yesterday by becoming the first US listed company to be worth $1 trillion. Its shares rallied following strong earnings results earlier in the week and the question really is how much further can it go?
Meanwhile, initial jobless claims in the US increased by 1,000 to 218,000 in the week ending 28 July, which was better than the 220,000 expected. US employment is in a period of rude health at present and recently hit its best initial jobless claims since December 1969. The dollar had a good day against the euro and sterling, making some healthy gains against both.
Today we have the balance of trade figures for June, as well as non farm payrolls and unemployment rate figures for July. We will also see services, composite and non-manufacturing PMI to cap what has been an extremely hectic week.
