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1.Market Observations, 8.Was Sticky

7 Aug 2017 (AFR) – Fresh records on Wall St buoy ahead of CBA profits

(7 August 2017, AFR, p20, by Timothy Moore and Patrick Commins)

‘More records on Wall St set an upbeat background for investors this week, but the accelerating flow of news from reporting season will ultimately set the tone on the ASX. The Dow powered higher for an eighth consecutive day on Friday as positive economic news strengthened the US Federal Reserve’s bias toward tighter monetary policy and the Trump administration revived chatter about tax reform.’

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