30 July 21 - Local Earnings, US GDP  | Rio Tinto Rallies Global markets were higher overnight, (S&P 500 index +0.4%) with US markets absorbing another wave a healthy result, bolstering the markets despite weaker than expected economic data. US GDP figures for the second quarter came in at up +6.5%, missing expectation but an indicator the economy is still performing well, while 400,000 people filed initial claims for unemployment benefits for the week ended July 24. Paypal and Facebook fell -6.2% and -4% after guiding that growth would start to slow down. Yum Brands (+5.8%), Mastercard (+1.7%) and Ford (+3.4%) traded higher on better earnings results - while mobile chip make Qualcomm jumped +5.8% after a strong earnings result and reassured investors that chip supply will improve by the end of 2021.  The Hong Kong Market (Hang Seng Index +3.3%) continued to rebound, as investors bought the recent dip from the recent sell off. European stocks were...