You are viewing:-
you're reading...
1.Market Observations

10 June 2017 (AFR) – Week of worries sends ASX sharply lower – worst week of 2017

(10 June 2017, AFR, p35, by Patrick Commins and Jens Meyer)

ASX markets - roundup last 5 days ‘Shares suffered their worst weekly loss of the year amid gathering unease around the Australian economy, while investors on Friday digested another shock poll result in the UK.  Despite a flat end to the final session, the S&P/ASX 200 index shed 110 points, or 1.9 per cent, over the week to end at 5677.8.  Investors had been bracing for a trifecta of potentially market moving events on Thursday night, including former FBI director James Comey’s testimony, a European Central Bank meeting, and the British election. Only the latter proved to have an immediate impact, with the pound dropping sharply when exit polls early Friday morning showed the potential for a hung parliament.’

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

Or see the article on Facebook.

Advertisements

About robertbrain

Brainy's Share Market Toolbox. Read the honest truth about the sharemarket. Develop or fine tune your investing/trading strategies using share price charts (technical analysis), or learn about the investment strategies of others. Melbourne (Australia) based - supporting share market investors and traders to build wealth through smarter investing using my Share Market Toolbox arsenal of weapons to tackle the market.

Discussion

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: