ASX posts narrow gain for the week
The sharemarket narrowed its weekly gain on Friday, with most sectors trading in the black over the five sessions.
Myriam Robin is a markets reporter based in the Financial Review's Melbourne newsroom.
The sharemarket narrowed its weekly gain on Friday, with most sectors trading in the black over the five sessions.
As OPEC appears posed to extend production cuts into 2018, the equity strategists at Deutsche Bank have highlighted the opportunities.
The member countries of the Organisation of Petroleum Exporting Countries will have to execute a delicate balancing act when they meet in Vienna on Thursday.
The local sharemarket shrugged off a ratings downgrade to China and falling iron ore futures to push slightly higher on Wednesday.
Shares shed their early gains as the major banks reversed early gains and miners fell, with the Manchester blast weighing on sentiment.
This month an extraordinary period of investor returns on the banks appears to have dramatically come to an end and analysts and fund managers aren't hopeful for a quick recovery.
Resource stocks surged on Monday, providing the local sharemarket with a solid start following last week's slide.
For local funds, investors and corporate advisers making returns off activist tactics, Elliott Associates is a welcome affirmation of the style they've been extolling for years.
A sharp pull-back in global markets sparked by chatter the US President may face impeachment proceedings, didn't alarm professional investors.
The ASX suffered a torrid morning after Wall St suffered its worst session in eight months amid chatter Trump may face impeachment proceedings.
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