Markets moving cautiously forward amid US mid term election

Global markets fared relatively positive and cautious last trading day, without much surprise. Asian Pacific regions first took the positive lead from US again yesterday, but column was understandably thin. On the up side, Vice President of PRC, Q S Wang’s speech in Singapore helped lift markets sentiment a bit but investors rather wait till President Trump and Chairman Xu meet in late November. US fared well this morning, pushed further upward by good corporate earnings results but FANNG still correcting from the top. As regards to ASX 200, it had put on a good show on Cup Day but volume was low. And RBA had kept rate on hold, so the question is what’s the likely rate movement next time and when? Director of Shinewing International Trade, David Chu, will give us some light on this issue. He would also analyze the export opportunities for Australian firms as China encourages more imports.

Democrats and Republicans fighting for the control of US House of Representative and House of Congress. AAP Source: APP