Ord Minnett Research

Morgans Research

Overnight Highlights

US Market: US stocks were flat on Tuesday as the boost from energy sector and strong consumer confidence data helped offset losses in chipmakers and rate-sensitive shares ahead of an expected Federal Reserve interest rate hike. European Market: European shares closed higher helped by gains among oil stocks and optimism over the Italian budget while British clothing retailer Next rallied after raising its profit guidance. Asian Market: China’s stock markets fell on Tuesday, their first trading day after new US and Chinese tariffs on each other’s goods kicked in on Monday, while property firms plunged on worries that a property pre-sale system may be scrapped.

Categories: Investing