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1.Market Observations

13 May 2017 (AFR,SMH) – ASX loses steam as banks tank, oil and gold bright spots

(13 May 2017, AFR, p27, Jessica Sier)

ASX-weekly-performance-20170513Shares finished the week flat after news of a new tax on the big four banks weighed on the ASX, offset by a welcome recovery in resources names as the oil price stabilised.  Over the week, mining stocks clawed higher, followed closely by energy and consumer staples, while the big lenders and listed property names lagged behind. ‘



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