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1.Market Observations, 8.Was Sticky

1 Aug 2019 (AFR) – ASX enjoys a record breaking July

(1 August 2019, AFR, p28, William McInnes, Reporter)

Markets roundup Wednesday (Bloomberg, Capital Daily, AFR)

Markets roundup Wednesday (Bloomberg, Capital Daily, AFR)

‘A loss on Wednesday wasn’t enough to dampen a milestone month for Australian shares as sliding interest rate expectations and record low bond yields drove the market to a record high. The S&P/ASX 200 Index fell 32.5 points, or 0.5 per cent, to 6812.6 on Wednesday but still closed the month 193.8 points, or 2.9 per cent higher. The broader All Ordinaries added 197.5 points, or 2.9 per cent, for the month, closing Wednesday at 6896.7. Both indexes soared to record highs in July and the first time since 1955 when the market has ended each of the first seven months of the year in the green.’

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

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