News

​All eyes are on the US Federal Reserve, which began its two-day meeting and is set to make an interest rate announcement tomorrow morning.​

Microsoft jumped after earnings beat expectation, and Tesla soared 16% after posting a surprise profit.

The electricity generator-retailers all fell ​sharply yesterday ​after Rio Tinto, which controls New Zealand Aluminium Smelters, said it was reviewing the Tiwai Point smelter’s future after rejecting Meridian’s proposed pricing

While it is still early​, so far company earnings announcements overseas ​have generally beaten a low bar.​

R​ecent trends​ have indicated that consumer spen​d remains weak across Australasia, with consumers opting to save rather than spend​.

Global markets were higher overnight, as shares on Wall Street rose on the back of strong earnings from Netflix and Morgan Stanley, with the prospect of Britain making a last-minute deal with the European Union adding to the upbeat mood.

​Global markets ​rallied overnight as strong earnings​ on Wall Street ​ from JPMorgan, UnitedHealth and Johnson & Johnson allayed concerns about the fallout from a prolonged ​U​​S​​-​China trade war on Corporate America.

The Australian market​ rallied yesterday (ASX 200 Index +​1.​​27​%) for a 5th straight session. 

Global markets were​ slightly lower overnight in quiet trade, as investors mulled the implications of the partial trade deal reached last week between the US and China.