Devon Head of Retail Greg Smith talks to Mike Hosking about another strong session for the US markets, the third in a row, and what is driving this. He also reviews the situation in the UK where the new PM has warned of tough times ahead, and a big locally listed bank has put through some large loan provisions. Closer to home he looks at why Ampol shares tanked despite what looked like a strong result from the Z petrol stations owner on the face of it.

For more market insights and for our terms and conditions, visit www.devonfunds.co.nz