27/07/23 - Dow's Winning Streak - Raised Rates - Surging shares of Rolls Royce - Australia's Softer Inflation

Devon's Head of Retail, Greg Smith, talks to ZB’s Mike Hosking about what is driving the Dow, which has risen for 13 sessions in a row, the longest winning streak in 1987. The Fed raised rates as expected while US earnings continue to be robust. Also up for discussion is engine maker Rolls Royce whose shares have surged 20%. Closer to home, he considers whether softer-than-expected Aussie inflation numbers mean the RBA is done with rate hikes. For more market insights and our terms and conditions, visit www.devonfunds.co.nz