US stockmarket shrugs off global gloom

While China has slipped into bear-market territory and emerging markets are shrouded in uncertainty, the US stockmarket has hit a new record high.

While China has slipped into bear-market territory and emerging markets are shrouded in uncertainty, the US stockmarket has hit a new record high. Technology stocks have spearheaded this year's equity market rally. Economy-sensitive sectors such as materials and banks are charging ahead, too, say Robin Wigglesworth, Mamta Badkar and Sam Fleming in the Financial Times.

Despite the ongoing trade tensions with China and a new round of tariffs imposed by the US this month, "the American economy has received a big fillip" from the Trump administration's tax cuts.

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Marina Gerner is an award-winning journalist and columnist who has written for the Financial Times, the Times Literary Supplement, the Economist, The Guardian and Standpoint magazine in the UK; the New York Observer in the US; and die Bild and Frankfurter Rundschau in Germany.

Marina is also an adjunct professor at the NYU Stern School of Business at their London campus, and has a PhD from the London School of Economics.

Her first book, The Vagina Business, deals with the potential of “femtech” to transform women’s lives, and will be published by Icon Books in September 2024.

Marina is trilingual and lives in London.