ASX VIDEO (7 November): Trump win prompts market rally
Full story: https://grafa.com/news/market-update-...
The Trump win spurs a market rally, a major pharmacy merger approved, and the National Australia Bank reports a slight rise in cash profit. This is the Graffer Daily ASX Market Update. Now let's take a look at the big stories of the day. Markets rallied in the US overnight in reaction to Trump's election win. Trump is promising tax cuts, tariffs and deregulation. Also making news, the corporate regulator has approved the merger between Sigma Healthcare and Chemist Warehouse. The regulator says the merger is unlikely to substantially lessen competition. And finally, National Australia Bank has increased its dividend and reported a slight increase in cash profit, despite a decline in net interest margin due to intense competition. Let's check how the markets are tracking. The ASX has opened flat with energy stocks leading the index. Stay up to date with all the breaking news as it happens by checking out graffer.com.
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