ASX climbs to 3-month high
The sharemarket burst through 5500 to a three-month high, as commodities spearheaded a solid week of gains.
Vanessa Desloires writes on markets from our Melbourne newsroom.
The sharemarket burst through 5500 to a three-month high, as commodities spearheaded a solid week of gains.
Resources stocks are rallying harder than commodities and experts are divided on its sustainability.
Shares took a breather after two strong sessions, with the 5500 level proving a bridge too far amid a day of low trading volumes.
A night of simultaneous highs on Wall St helped the ASX to a strong gain, with mining and energy stocks doing the heavy lifting.
After a game-changing year in markets, prepare for improved, but modest, growth next year, Societe Generale says.
Rising bond yields are placing expensive bond proxy shares under threat.
The rise in bond yields is setting the expensive ASX up for a plunge, according to Watermark Funds Management.
The sharemarket fell for a second day as some of the heat came out of the big mining stocks.
Gold miners suffered their worst day since May as the ASX rally took a breather.
Emerging markets have been left behind in the Donald Trump market rally.
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