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1.Market Observations

15 July 2017 (TheAge) – ASX (weekly wrap): Upbeat global mood boosts the ASX

(15 July 2017, The Age, BusinessDay, p11, Jessica Sier)

‘Shares lost some of their early momentum on Friday afternoon, but solid buying in the big four banks kept the market in the black, to cap off a week that saw the Australian dollar shoot to a 2017 high. Dovish comments around rate rises from Federal Reserve chair Janet Yellen. who was reluctant to rock the boat for markets in her semi-annual congressional testimony, boosted Wall Street to record highs this week and the positive sentiment spilled over into other developed markets. The benchmark S&P/ASX 200 Index and the broader All Ordinaries Index each closed up 0.5 per cent on Friday, and up 1.1 per cent over the week to close at 5765.1 points and 5808.7 points, respectively. ‘



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