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1.Market Observations

24 Nov 2018 (AFR) – ASX ends week lower amid political tensions

(24 November 2018, AFR, p33, by William McInnes)

Markets roundup past five days (Bloomberg, CBA, AFR)

Markets roundup past five days (Bloomberg, CBA, AFR)

‘Two strong trading sessions on Thursday and Friday weren’t enough to stop Australian shares closing the week slightly lower. The S&P/ASX 200 Index fell 14.4 points, or 0.3 per cent, to 5716.2 this week as political risks left the market trading defensively.  “The timeline of political risks is weighing on sentiment with Brexit uncertainty, the Italian budget saga and a deterioration in the outlook for global economic growth,” said Saxo Capital Markets market strategist Eleanor Creagh. “The market is looking for the next catalyst. A Christmas rally Santa is going to need some little helpers at the G20 summit.” ‘

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

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