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1.Market Observations

10 Dec 2016 (AFR) – ASX weekly wrap: ASX soars to four-month high as Santa rally comes early

(10 December 2016, AFR, p33, by Jessica Sier)

‘Investors looked to be enjoying an early Santa rally this week, with the local market leaping to its highest since late August on the back of soaring commodity prices and continuing Trump euphoria that sent Wall Street to fresh all-time highs. Energy stocks lifted the bourse higher on Friday, followed closely by real estate stocks and the banks, while consumer discretionaries, healthcare and the miners were moderate drags.’

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