Global markets were generally higher overnight as US Technology stocks recovered after 2-days of sharp falls. Interestingly the pullback has been limited to the Technology sector in the US, as the Dow Jones (a closely followed US market index) hit a new all-time high.
The US Federal Reserve has begun its 2-day policy meeting, and will release an important interest rate decision announcement tomorrow morning (AU/NZ Time).
Closer to home, the ASX & NZX have largely dodged the Technology sector sell-off, with the ASX posting its biggest one-day gain in 7-months yesterday.
Stock in Focus: James Hardie (JHX.AX)
Construction company JHX recently announced its 2017 financial year results, with net operating profit of $276.5m, which was +13% above the previous year and above management’s earnings guidance...
