US economy boosted by strong corporate results

Confidence in the US equity market's rally continuing into the second half of the year has improved markedly following a run of strong corporate results and an upswing in business indicators. On 6 June, the S&P 500 climbed to a nine-month high, while the Nasdaq reached a 12-month high after recent strong gains. Keith Skeoch, chief investment officer at Standard Life Investments, believes strengthening corporate profitability backed by improving fundamentals has underpinned recent growth. 'The most exciting development has been the strong performance of corporate America,' he s...