Global markets rallied late overnight as Wall St extended a rally on a reported trade deal between the US and the EU.
President Donald Trump said he and European Union boss Jean-Claude Juncker reached an agreement to lower trade barriers, which looks to have come as a big surprise to the market. Investors also continue to digest US earnings. After hours however, Facebook shares were lower after reporting a miss in its monthly active users.
Locally it has been a relatively quiet period in terms of stock news before Australian/NZ companies start to report earnings next month. A number of Aussie agricultural companies have provided profit warnings however as adverse weather conditions will be likely to hit near term profits. These include agribusiness Elders (ELD) and agri chemical company Nufarm (NUF) which both experienced large share price falls after announcing an exceptionally dry season in many parts of Australia would impact business in 2018.
Almond producer Select Harvest...
