Global markets were higher overnight as largely upbeat economic data pointed to strength in the US economy and investors cheered Treasury Secretary Steven Mnuchin’s positive comments on tax reform.
Positive data out of China also helped create further positive momentum across the metals sector. All eyes will be on important monthly US employment and manufacturing data to be released tonight.
For the month of August, the Australian market (measured by the ASX 200 Index) was basically flat (down -0.1%), while the NZ market (measured by the NZX 50 Index) gained 1.6% over August.
Stock in Focus: Harvey Norman (HVN.AX)
Harvey Norman’s share price has tumbled -7% yesterday following the release of its full-year result. Although net profit after tax increa...
