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1.Market Observations

9 June 2018 (AFR) – ASX: Gains for the first week in four

(9 June 2018, AFR, p33, by William McInnes)

Markets roundup past five days

Markets roundup past five days

‘The Australian sharemarket has recorded its first weekly gain in four weeks on Friday, as Italy’s easing political tensions brought more stability to global markets.  The S&P/ASX 200 closed 54.8 points, or 0.9 per cent, higher for the week at 6045.2, as multiple stocks hit all-time highs and lows.  Positive employment data out of the US on Friday last week set a positive tone for US exposed stocks on the ASX such as Nanosonics, Xero and Afterpay Touch. ‘

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

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