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1.Market Observations

28 July 2018 (AFR) – ASX: Improved market sentiment lifts ASX to 10-year high

(28 July 2018, AFR, p33, by William McInnes)

Markets roundup past five days (Bloomberg)

Markets roundup past five days (Bloomberg)

‘The Australian sharemarket has closed the week higher, hitting a fresh 10-year high on the back of improved market sentiment and commodity prices. The S&P/ASX 200 index rose 14.3 points, or 0.2 per cent, this week to 6300.2, beating the previous 10-year high by 14 points.  Improving trade relations supported base metal prices this week as they recovered from almost two months worth of losses. The Bloomberg Commodity Index rose 2 per cent this week, its best weekly performance since October 2017.’

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

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