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1.Market Observations

14 Jan 2017 (AFR) – ASX slides as cracks appear in Trump trade – weekly loss as banks drop

(14 January 2017, AFR, p27, by: Jens Meyer Jessica Sier)

‘Sharp falls in the big banks led the local sharemarket down on Friday and to a weekly loss, as investors took profits in a sector that had performed particularly well since the election of Donald Trump as US president in early November. The benchmark S&P/ASX 200 Index fell 0.8 per cent to 5721.1 on Friday, losing 0.6 per cent in a week that began with a fresh 19-month high above 5800 points.’

Read more and see the weekly performance details at AFR.com (might need AFR login access, or try: AFR.com/trial)

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