On Wednesday (Aug. 26), global stock markets gained with the Wall Street building on the record-setting rally as investors cheered better-than-anticipated economic data and strong earnings. New orders for the United States (US) manufactured durable goods rose by 11.2% in July, recovering further from sharp lockdown-related falls in March and April. Investors were now looking for further guidance from Federal Reserve chair Jerome Powell on what the central bank will do next to support the world’s largest economy.
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