Global markets moved between gains and losses overnight as investors digested US President Trump's plan to cut taxes. Investors parsed the details for winners and losers, but given traders don't expect the bill to materialise in its current form, the overall market reaction was muted.
Corporate earnings season continues in the US, and Facebook shares dipped after earnings disappointed, weighing on tech shares before Apple reports later on Friday. Once again given the high level of the market the current US earnings season as important as ever in terms of supporting company share price valuations.
In other news, the pound slumped and after the Bank of England indicated its first rate hike in a decade might be the last for a while. The BoE raised interest rates for the first time in more than 10 years and said it expected only "very gradual" further increases over the next three years.
Stock in Focus: NZ King Salmon (NZK:NZ / NZK:AX)
New Zealand King Salmon shares r...
Stock Markets, Simplified.