Global markets were mixed once again overnight, as the US market continues to trade in a tight range with the energy sector weighing on the market.
US oil stocks slipped further as Tropical Storm Harvey bore down on the US energy hub and battered the refinery sector in Texas. Harvey became the most powerful hurricane to strike Texas in more than 50 years when it came ashore on Friday – and dumped more rain on Houston on Monday, worsening the flooding that has paralyzed the country’s fourth-largest city. Flood damage from Harvey may equal that from 2005's Hurricane Katrina, which resulted in more than $US15 billion in flood insurance losses, according to an insurance research group.
It was a full-on week last week in terms of earnings announcements across Australia and New Zealand. Profit announcements will continue this we...
