Global markets were higher overnight as stronger-than-expected US economic growth data outweighed concerns around escalating tensions between the US and North Korea.
Wall Street advanced on signs the US economic expansion is gathering momentum with the latest reading on US growth setting a 3% annual pace in the June quarter, creating renewed optimism around the outlook. In addition, President Donald Trump has put forward a renewed case for lower taxes, holding fast to his objective of lowering the US corporate tax rate to 15%.
It was a full-on week last week in terms of earnings announcements across Australia and New Zealand. Profit announcements have continued this week at a slower pace as we are moving into the tail-end of earnings season.
Stock in Focus: Delegat’s (DGL.NZ)
New Zealand's largest listed...
