Global markets were mixed overnight as Wall Street erased losses early Thursday morning thanks to a boost in technology stocks, which offset weakness in financials. Investors remain concerned that the Republican tax bill faces an uphill battle in Congress, and are doubtful the details of the released plan will materialise in the final version.
As we touched on yesterday, recent buying across the resources and energy space has contributed to the ASX 200 market index move above the 6000 level for the first time in almost a decade.
Energy stocks have jumped in recent times following a move higher in the price of oil. Brent crude traded near its highest close in more than two years as political upheaval in top crude exporter Saudi Arabia reverberated through the market. Investors have piled into oil as a shake-up of the ruling elite in OPEC&#...
Stock Markets, Simplified.