Trump continues to dominate as markets become cautious
Written on the 21 November 2016While global markets had a pause to gather their thoughts and take some profits off the table at the end of the week, ASX futures trading points to a marginal rise on the Australian market's opening.
Friday's 0.5 per cent fall in the MSCI global index wiped out the week's gains, although breaking it down the big winner was Japan up 3.4 per cent helped by unexpectedly strong GDP numbers the US was up 0.8 per cent, while Australia and Europe down 0.2 per cent and 0.3 per cent respectively were among the laggards.
The three key US indices all finished down 0.2 per cent on Friday, as some of the winners of the "Trump Rally" such as healthcare stocks were sold off a bit.
Markets on Friday's close:
ASX SPI 200 futures +0.1pc at 5,369
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