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1.Market Observations

3 June 2017 (AFR),SMH) – ASX: Wall Street rally helps ASX recover from May slump

(3 June 2017, AFR, p35, by Myriam Robin)

ASX Weekyl Wrap‘Shares bounced solidly higher on Friday, with strong performances across most sectors helping the index recoup losses made earlier in the week.  The benchmark S&P/ASX200 opened very strongly on Friday, after a strong Wall Street session saw both the S&P 500 and the Nasdaq close at record highs following strong economic data. It closed up 0.9 per cent at 5788.1, a narrow 0.6 per cent gain for the week. ‘

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