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1.Market Observations

14 June 2019 (AFR) – ASX ends week at fresh 11-year high

(14 June 2019, AFR, p33, William McInnes, Reporter)

Markets roundup past five days (Bloomberg, Morgan Stanley, AFR)

Markets roundup past five days (Bloomberg, Morgan Stanley, AFR)

‘The Australian sharemarket ended the week at a fresh 11-year high as a surge in iron ore prices bolstered mining stocks. The S&P/ASX 200 Index rose 110.1 points, or 1.7 per cent, to 6554 this week while the broader All Ordinaries advanced 108.4 points, or 1.7 per cent, to 6633.6. “In a shortened trading week, the ASX continued to push higher, playing catch up to gains overseas and making a fresh 11-1/2-year high on Tuesday as President Trump struck a deal with Mexico averting the tariff threat to Mexican goods,” said Saxo Capital Markets market strategist Eleanor Creagh.’

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

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