Global markets were lower overnight as the Technology sector continued to slide with Microsoft the latest to disappoint. In fact, the Tech Nasdaq Index posted its third straight session of more than a -1% decline for the first time in 3-years, as disappointing forecasts from technology and internet companies spark growth worries.
Investors are also looking ahead to a number of central Bank meetings this week with the US Fed, Bank of Japan, and Bank of England all set to make monetary policy decisions. Closer to home, as we touched on yesterday local earnings season across Australia & NZ also kicks off this week.
Stock in Focus: BHP Billiton (BHP:AX)
The Australian market is trading at a decade-high, with a driving factor being a recovery in base metals prices and big movers such as BHP Billiton have made solid gains. We have been vocal supporters of BHP for some time now as our top ASX mining pick.
In recent news, BP has agreed to buy the US shale oil and gas assets from...
