WEEKEND ECONOMIST: Healthy outlook

After a round of better-than-expected US earnings results, we can expect some positive data here and overseas. But the outlook for shares is mixed and rate hike next month is still possbile.

Despite softish US economic data, sharemarkets and and other risk assets generally rallied over the last week on the back of better-than-expected US earnings results and signs that Europe is holding up far better than feared in the face of its sovereign debt crisis.

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