Global markets were generally in negative territory on Friday, with Wall Street marginally lower as investors worried about the future of promised corporate tax cuts following duelling plans unveiled by Republican lawmakers. Last week was the first week since early September in which the US markets did not make gains.
Stock in Focus: James Hardie (JHX:AX)
As we touched on briefly on Friday, shares in James Hardie jumped +7% as analysts and investors were cheered by signs of improvement in the building materials firm's underlying performance for the first half of its financial year.
The move came despite JHX booking a -14% drop in first half-net profit, as ongoing manufacturing inefficiencies and higher productions costs weighed on margins. It was seen as a solid result overall, with some comm...
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