Global markets were little changed overnight with Wall Street touching new record highs as volatility remains muted. News that US Secretary of State Rex Tillerson denied reports that he considered resigning reduced fears of fresh turmoil in the Trump administration.
Unlike the US & NZ share markets, which have started the month of October by notching fresh record highs, the ASX is struggling to stay within the trading range it has been trapped in since the middle of May.
Stock in Focus: Xero (XRO.NZ / XRO.AX)
Xero shares have surged this year and it has been the best performer in our NZ model portfolio, having doubled since we first recommended it in September 2015. There was more positive news-flow yesterday as Xero's drive to sign new customers in the UK picked up the pace in the first half of the current financial...
Stock Markets, Simplified.