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Cautious trading as players wait for clarity from Trump

Saturday, January 21, 2017 - 05:50

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External developments of note included Britain's Prime Minister Theresa May outlining on Monday her plans for withdrawing from the European Union, US Federal Reserve Janet Yellen's speech on Wednesday that provided some clues on interest rates, and Friday's inauguration of new US President Donald Trump.

THE reflation play that marked most of November and December 2016 appears to have lost momentum this month, with stocks largely trading within narrow bands with a slightly downward bias. Over on Wall Street, the Dow Jones Industrial Average is estimated to have tested the 20,000 level at least

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