ASX may rise on GDP, iron ore and Trump tax

Original article by Timothy Moore
The Australian Financial Review – Page: 22 : 4-Dec-17

Futures pricing suggests that the Australian sharemarket may lose ground when trading resumes on 4 December. However, a number of factors bode well for the domestic bourse in coming days, including a rebound in the prices of key commodities such as iron ore and expectations that official data will show an improvement in the nation’s economic growth. Investor confidence may also be bolstered by the US Senate’s passing of tax cuts, while investors will also be awaiting the Reserve Bank of Australia’s last board meeting for 2017.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, RESERVE BANK OF AUSTRALIA, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, UNITED STATES. FEDERAL BUREAU OF INVESTIGATION, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, BANK OF MONTREAL, CAPITAL ECONOMICS LIMITED

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