Trump continues to dominate as markets become cautious

Written on the 21 November 2016

Trump continues to dominate as markets become cautious While 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
AUD: 73.45 US cents, 69.35 euro cents, 59.48 British pence, 81.30 Japanese yen, $NZ1.05
US: Dow Jones -0.2 at 18,868 S&P500 -0.2pc at 2,182 NASDAQ -0.2pc at 4,808
Europe: FTSE -0.3pc at 6,776 DAX -0.2pc at 10,665 Eurostoxx50 -0.7pc at 3,021
Commodities: Brent oil +0.8pc at $US46.86/barrel, Gold flat at $US1,208/ounce, Iron ore -0.2pc at $US73.30/tonne

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Source:  ABC

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