Business
Miners drive market to record high – The Australian Financial Review
A surge in metals prices lifted the Australian sharemarket to a new closing high on Friday, fuelled by the promise of another big-ticket fiscal initiative from…
Equities are moving in line with the positive growth outlook, said JPMorgan Asset Management global market strategist Kerry Craig.
There have been some data disappointments lately which may have added to selling in recent weeks, but that seems to be reversing, both in Australia and around the region.
The fresh record came off the back of a strong week for Australian stocks, with the market advancing in four of the five sessions, rebounding from heavy selling in the two weeks prior.
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