Global markets were higher overnight with gains on Wall Street led by industrials and a rebound in technology stocks, after a report that the United States and China hoped to resume talks to defuse a trade war between the world’s two largest economies.
Investors also continue to digest quarterly profit announcements in the US. As we have highlighted, another strong round of US profit announcements is a key reason to remain bullish on markets and we are watching developments closely. On the earnings front Apple shares were higher after hours after releasing what looks to be another strong result driven by sales of higher-priced iPhones.
Stock in Focus: Ardent leisure (AAD:AX)
As we touched on yesterday, shares in Ardent Leisure (AAD) have sold off this week after releasing a weak trading update.
AAD said the recovery in patron numbers is taking longer than expected and the Dreamworld theme park on Queensland's Gold Coast continues to struggle following the 2016 tra...
