![Over the past five trading sessions, the materials sector has experienced a dramatic reversal, surging 4.5 per cent off ...](/web/20170317120548im_/http://www.watoday.com.au/content/dam/images/g/u/y/6/9/f/image.related.landscape.460x307.guzkl6.png/1489732345782.jpg)
Seesaw mining stocks see the light
Australia's miners have reversed a period of dramatic sharemarket underperformance, pulling strongly ahead.
Myriam Robin is a markets reporter based in the Financial Review's Melbourne newsroom.
Australia's miners have reversed a period of dramatic sharemarket underperformance, pulling strongly ahead.
The Federal Reserve may be determined to lift US rates three times this year, but soft local jobs numbers were a timely reminder that the RBA is still at a very different stage of the rates cycle.
A rally in Fortescue Metals helped push the local sharemarket into the black for a second day in a row.
In a bid to escape from crushingly low yields global investors have for close to a decade been increasing their exposure to risk.
Whether there will be three or four US Federal Reserve rate rises this year is the key question on investors' minds.
A return to blue chips hasn't dented the returns of Supervised Investments' small caps fund, which has posted a return of nearly 50 per cent.
A strong showing from the gold mining sector wasn't enough to push the local sharemarket into the black.
The Fed meeting and the Dutch elections will determine whether US 10-year bonds move firmly into "bear territory".
The ASX200's growth this year has been modest, and has vastly lagged other major indices.
Listed companies have committed to $3.3 billion of share buybacks, but a high-profile analyst has questioned management teams' commitment.
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