|Data for week commencing 02 July 2018|
Our stock market finished the week at a 10 and half year high on Friday but how did we do it, with the US going to ‘war’ with tariffs directed at China? And given what Wall Street did overnight, with the Dow up 99 points, you’d have to think the local gains for shares aren’t over yet!
The S&P/ASX 200 index closed on Friday up 56.8 points for the day and 77.7 points higher (or 1.3%) for the week at 6272.3. This the best level since January 2008! But I ask: how did we do it, with the trade war that started at 12 am in the USA on Friday or 2pm Aussie time?