Global markets were mixed overnight, with Wall Street on track to experience another positive trading session. Global equities enjoyed solid buying support overnight as President Donald Trump spoke about trade on his Asia tour, while oil rocketed to its highest price in more than two years after a crackdown on corruption swept through Saudi Arabia.
As we touched on yesterday, the Australian market (measured by the ASX 200 index) Is trading at its highest levels since May 2015 and is once again within striking distance of the elusive 6000-point threshold.
While the 6000 mark represents a psychologically significant point for traders, other markets (such as the US and NZ) have hit record highs and are generally trading at high valuations on measures such as market price-to-earnings multiples. On these mea...
Stock Markets, Simplified.