Global markets traded in a narrow range overnight, with Wall Street selling off. In saying that, the US market indices remain near all-time highs on a steady stream of upbeat third-quarter earnings and hopes that President Donald Trump's tax plans may move forward after the Senate's approval of a budget resolution on Friday.
Closer to home, the ASX snapped its recent winning streak as the ASX 200 market index once again struggles to break the 6000 index level.
On the NZX, investors have identified potential winners & losers from last week’s surprise election outcome. Market moves largely played out as we expected, with the retirement sector coming under significant pressure, with the largest player Ryman Healthcare losing -4%. At the same time, NZ dollar sensitive stocks such as Fisher & Paykel Healthcare made strong...
Stock Markets, Simplified.