Hi everyone. This is Holly, live from Kalkine TV studio in Sydney, and you are watching ‘ The Market Movers’. Following an overnight slump on the Wall Street, the S&P/ASX200 is trading lower today. ASX 200 dropped 0.15% to 7044.60 mid-day.
The major U.S. stock market benchmark indexes ended lower on Thursday, following reports that President Joe Biden is considering to almost double the tax on capital gains. Australia's Emeco Holdings (ASX:EHL) is at 5-month low on weak FY21 earnings outlook. The earthmoving equipments provider expects FY21 operating EBITDA between A$235 mln and A$238 mln, down from A$246.1 mln reported last year.