Pavan Sharma

Global markets stabilised overnight, with shares on Wall Street rallying on a strong set of earnings from retailers and as bank stocks rebounded after the Turkish lira snapped a three-week slide.

We thought we would talk about something different today given the local headlines have been dominated in recent times by talk of a property market correction.

Long term uptrend intact. But holders experience significant volatility.

Global markets were lower on Friday, with European markets falling sharply in a wave of global selling amid concerns about a deepening economic crisis in Turkey. The US dollar continues to rally versus the Kiwi and Aussie dollars on safe-haven buying.