Original article by Jessica Sier, Patrick Commins
The Australian Financial Review – Page: 13 & 27 : 19-Oct-17
The Australian sharemarket had been range-bound since May, but a rally in the last nine trading sessions has increased its capitalisation by about $A100bn. JP Morgan’s Jason Steed says the near-term outlook for the local bourse will depend to a large extent on financial and mining stocks, which dominate the market. However, Steed adds that investors are looking for greater political certainty, particularly with regard to issues such as energy policy and regulation of the banking sector.
STANDARD AND POOR’S ASX 200 INDEX, JP MORGAN AUSTRALIA LIMITED, CREDIT SUISSE (AUSTRALIA) LIMITED, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, WESTPAC BANKING CORPORATION – ASX WBC, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, TOKYO STOCK PRICE INDEX, DEUTSCHER AKTIEN INDEX