SPONSORED POST: Here's how IG Markets sees today's trading:
The benchmark S&P500 reached new record highs overnight, as the record bull run on Wall Street continued but futures are pointing to a negative start for the ASX.
Wall Street: The S&P briefly touched the 2873-mark in the US session, led higher by consumer discretionary stocks, before selling-off in late trade following the release of news ex-Trump advisor Paul Manafort has been found guilty of financial crimes.
The milestone achieved on Wall Street punctuated a respectable day on global equity markets, which were trading-off greater risk appetite until early this morning. Although Asian and European markets are a long way off their US counterparts in terms of fundamental strength, the belief that the global economy can stabilise itself around US economic strength clings-on, giving hope to investors that returns ex-US equities can still be achieved.