Stumble may be start of bigger global pullback

Original article by David Rogers
The Australian – Page: 18 : 11-Jan-18

The S&P/ASX 200 recorded its largest fall in six weeks on 10 January, after posting strong gains over the last three months. Factors such as a rise in US 10-year bond yields to a 10-month high and a slight reduction in the Bank of Japan’s quantitative easing program weighed on the Australian market. Meanwhile, tax-loss selling is a major risk for the US market in January, as the Trump Administration’s capital gains tax reforms now allow US investors to defer tax liabilities until April 2019.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, BANK OF JAPAN, STANDARD AND POOR’S 500 INDEX, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, BELL POTTER SECURITIES LIMITED, JP MORGAN AUSTRALIA LIMITED, WOODSIDE PETROLEUM LIMITED – ASX WPL, ORIGIN ENERGY LIMITED – ASX ORG, BHP BILLITON LIMITED – ASX BHP, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA

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