Decade high for ASX as earnings flood in

Original article by David Rogers
The Australian – Page: 28 : 16-Aug-18

Australia’s benchmark S&P/ASX 200 has risen to its highest level in more than a decade on the strength of the August reporting season. Investors shrugged off a negative lead from Asian markets and a downturn in base metal and crude oil prices on 15 August, although weaker commodity prices weighed on the resources sector. Meanwhile, Wilson Asset Management chairman Geoff Wilson warns that while the Trump administration’s tax cuts have boosted the US economy, the trade war with China is likely to have an impact in the next 6-12 months.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, WILSON ASSET MANAGEMENT, CSL LIMITED – ASX CSL, WESFARMERS LIMITED – ASX WES, COMPUTERSHARE LIMITED – ASX CPU, DEXUS – ASX DXS, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, COCHLEAR LIMITED – ASX COH, AGL ENERGY LIMITED – ASX AGL, DOMINO’S PIZZA ENTERPRISES LIMITED – ASX DMP, BRAMBLES LIMITED – ASX BXB, AFTERPAY TOUCH GROUP LIMITED – ASX APT, PACT GROUP HOLDINGS LIMITED – ASX PGH, HANG SENG INDEX, SHANGHAI COMPOSITE INDEX, NIKKEI 225 INDEX, STANDARD AND POOR’S 500 INDEX, DOW JONES INDUSTRIAL AVERAGE INDEX, LONDON METAL EXCHANGE LIMITED, OZ MINERALS LIMITED – ASX OZL, SOUTH32 LIMITED – ASX S32, WOODSIDE PETROLEUM LIMITED – ASX WPL, RIO TINTO LIMITED – ASX RIO, WAM CAPITAL LIMITED – ASX WAM, MAGELLAN FINANCIAL GROUP LIMITED – ASX MFG, UNITED STATES. FEDERAL RESERVE BOARD, EUROPEAN CENTRAL BANK

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