Wild swings likely to continue this week

THE wild swings of the stock market seem to follow those of US President Donald Trump's moods, and both are likely to remain in focus this week with developments likely on presidential scandals, trade policy and North Korea.

After a slump the week before, US stocks rose sharply last week as a "Goldilocks" jobs report and a surprise North Korean summit trumped fears of a trade war.

The trade war fears have not subsided completely, however, and any international response to Mr Trump's 25 per cent tariff on steel and 10 per cent on aluminium could rock markets again.

Stocks initially slid last Tuesday when US stock traders came bac…