Thursday At The Open

US sharemarkets were mixed on Wednesday. A steep drop in oil prices dragged the energy sector lower.The FOMC minutes gave little insight into the timing of rate hikes but did confirm that participants were split on shrinking the Feds balance sheet.

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Friday At The Close

The ASX 200 stumbled over the line to end higher by 9pts on Friday – Although for the week the week the index posted a loss of 1%. Banks ran into headwinds as participants considered the latest government initiative to tax lenders in South Australia.

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Friday At The Close

Caution dominated the local session on the ASX as participants digested a surprise outcome in the UK election. The conservatives failed to capitalise on their lead in the polls. A hung parliament could further complicate the Brexit process.

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