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1.Market Observations, 2.share trading

11 Feb 2017 (AFR) – ASX weekly wrap: Trump bumps ASX through 5700 to cap solid week

Daily candlestick chart of the All Ords index over the week(11 February 2017, AFR, p27, by Myriam Robin and Jessica Sier)

‘Investors poured into shares on Friday, buoyed by more of US President Donald Trump’s promises to introduce “phenomenal” tax cuts, while local investors digested a string of profit results this week as earnings season heated up. Several off-the-cuff comments by Mr Trump this week reignited optimism that he would pursue the pro-growth policies that had sharemarkets rallying following his election in November.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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