Business
ASX rises; House prices to rise 5pc in 2021 – afr.com
The S&P/ASX200 Index notched up a third straight week of gains on vaccine hopes. CBA rallied 9.4 per cent over the week, the best week since December 2011.
The Australian sharemarket notched up a third consecutive week of gains despite ending Friday’s session in the red.
The S&P/ASX200 Index 8 points, or 0.1 per cent, to 6539.2 points on Friday, ending the week 2.1 per cent higher on growing hopes for an effective vaccine and signs the recovery is gaining momentum as the economy created 178,8000 new jobs in October. The index is up 10.3 per cent for the month.
Banks were a big driver of the weeks gains after comments from Australian Prudential Regulation…
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