Stocks slip as Wall Street waits
The three major indexes closed higher for the second week on Friday, but investors are still waiting for positive signs from a Trump agenda.
The three major indexes closed higher for the second week on Friday, but investors are still waiting for positive signs from a Trump agenda.
Commodity producers fell as Mario Draghi indicated the region's economy still needs stimulus.
The ASX ended Friday higher but gave up some of last week's strong gains over the five sessions as post-US election enthusiasm ran out of steam.
"This is the best chance for government spending to increase the productive capacity of the US."
Vocus founder turned fund manager James Spenceley has revealed his two best NBN opportunities in small caps.
Call it one for the true believers in Myer. Shares in the retailer jumped 10 per cent on Friday and caused a real headache for the short sel...
Trumponomics has brought a keen market response. Equities and floating-rate bonds have rallied, while fixed-rate debt has been murdered.
Traders are putting a low probability on a 1994-style sell-off in bonds. But they missed Brexit and Donald Trump's win too.
Shares lurched higher as the frantic "Trump trades" that shook up financial markets over the past week faded further.
A survey of global fund managers post-US election shows that investors are rushing out of bond proxies and emerging markets, while favouring...
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