Pavan Sharma

Gains were generally broad based with tech giants Amazon and Facebook both hitting new all-time highs as investors cheered the company’s new e-commerce platform – Facebook Shops, while Amazon continues to benefit from from consumers ordering online.  

Global markets were higher overnight, as the US market (S&P 500 +3.1%) surged higher to close at a 10-week high on a number of positive developments.

We remain cautious on markets generally, but believe Australia & NZ are better placed to outperform than most major markets.