30 July 2020 Fed Remains Supportive |  Tourism Holdings Global markets were mixed overnight as the US market climbed higher (S&P 500 Index +1.2%) as the US Federal Reserve vowed to use its "full range of tools" to support the economy, but cautioned that the outlook will still depend significantly on the course of the virus. As expected, the Fed announced it will keep its interest rate target range unchanged until it is confident the economy has weathered the covid-19 pandemic and is on track to achieve its employment and price stability goals. All major sectors were in the green, with earnings season also in full swing. Starbucks  climbed +3.7% despite reporting a weak second quarter, as the coffee chain said business was “steadily recovering” worldwide and it would report a profit in the current quarter. Boeing was down as it slashed production and posted a wider than expected loss as well as GE reporting stronger...