Global markets were lower on Friday, as developments around a probe into Russia’s alleged involvement in the US election saw markets sell-off, while progress on a tax bill in Congress saw markets claw back losses. Interestingly, after some time, political risks are once again having an impact on markets.
For the week ahead, in the US employment data will be closely watched at the end of the week, particularly in terms of its implications for interest rate moves. Closer to home, in Australia the RBA makes its final interest rate decision for the year tomorrow, and on Wednesday 3rd quarter Australian economic growth (GDP) figures are released.
Stock in Focus: Fonterra Shareholders Fund (FSF:NZ / FSF:AX)
FSF shares were slightly higher on Friday as it cut its forecast for 2018 earnings per share aft...
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