Global markets were higher on Friday with US stocks advancing as upbeat earnings helped investors shrug off heightened trade anxieties and weaker-than-expected July jobs growth. The S&P 500 US market index notched its fifth straight weekly gain, its longest such streak of the year.
While much of the focus is on earnings at the moment, trade tensions remain as a backdrop for investors. The trade spat between the US and China is set to continue this week with China late last week making clear it will find more US goods to target if the Trump administration pushes ahead with plans to lift tariffs on more Chinese imports.
Locally, earnings season across Australia & NZ gets busier this week, with the likes of AMP, Commonwealth Bank, and SkyCity set to make profit announcements. Both the Reserve Bank of NZ and Reserve Bank of Australia are set to make interest rate decisions this week which will be another focus for investors.
Stock on Focus: SkyCity Enter...
