Global markets rallied on Friday, led by a 13% surge in Amazon, in the process making founder Jeff Bezos the world's richest person at $US93.8 billion - more than $US5 billion clear of Bill Gates. It wasn’t only strong earnings which supported the US market on Friday, with US GDP data showing the economy expanded at a better-than-expected 3% annualised pace in the September quarter.
For the week ahead, there are a number of things to watch. The first is President Donald Trump's decision on who will be the next Federal Reserve chair, which could be made as early as today. The Fed is also set to hold a policy meeting this week, with market expectations for the next rate hike to come in December.
Further, quarterly earnings announcements will be watched closely after the strong results from Amazon, Alphabet, Microso...
Stock Markets, Simplified.