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Biggest drop of the year so far: Aus shares to open lower

11 Jan 2018 – Market Outlook in 3 mins: The US markets retreated from gains seen so far this year, with the major indicies falling by market close, setting the ASX up for a weaker day of trade today. The S&P 500 and Nasdaq closed lower for the first time in 2018, after a 6-day winning streak. Global litigation fund IMF Bentham (ASX:IMF) announced it has received $2.9 million in revenue following the settlement of US Case 36, an investment funded in the US by IMF’s wholly owned subsidiary, Bentham Capital.

Source: Finance News Network

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