trump: There has been a steady rally among US stocks since the presidential election on November 8, because of the prospect of Donald Trump business-friendly proposals stimulating the economy, according to Australian Broadcasting Corporation. Although ANZ analysts sounded a word of caution based on history. Markets at 8 30am AEDT ASX SPI 200 futures 0.3pc to 5,500 73.56 US cents, 59.2 British pence, 86.93 Japanese yen, 70.63 euro cents, NZ1.0447US S&P 500 0.4pc to 2,262, Dow Jones 0.3pc to 19,852, Nasdaq 0.38pc to 5,457Europe Euro Stoxx 1.07pc to 346.50, FTSE 0.72pc to 6,999, DAX 1.08pc to 11,366Commodities Gold -1.42pc to US1,127.86/ounce, Brent crude oil 0.37pc to US54.10/barrel Analysts said investors were now viewing the Fed outlook on rates as a sign of confidence in the economy, ahead of President-elect Donald Trump promised tax cuts and infrastructure spending bonanza. The initial reaction to the December 2015 hike was positive and look what unfolded in late December and January, they warned in a note. That admission prompted concerns that Verizon may scrap a deal to buy Yahoo core internet business. Banking stocks were among the session stand-out performers, while Yahoo shares slumped, after the tech giant revealed a second massive data breach.
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