Global markets were mixed overnight as the major US markets managed to make gains.
A jump in US 10-year bond yields boosted financial sector stocks (all else equal higher bond yields imply the banks can charge higher interest rates and improve their lending income). Investors are also waiting for earnings from marquee US corporations such as Amazon and Facebook this week, which will also help to assess the impact of an escalating US-China trade row and strength of the US economy.
Locally, both the ASX & NZX sold off by close to -1% yesterday as Trump's trade comments put investors on the defensive with market losses being broad based. For both Australia and NZ trade with China is important, so ongoing trade tariffs and/or weakness in the Chinese economy will likely have an impact on local markets.
Stock in Focus: Johnson & Johnson (JNJ:NYSE)
Among the US heavyweights to have reported earnings so far is Johnson & Johnson (JNJ). JNJ shar...
