29 August 2018
Weekly Insights From The FNArena News Desk 27/08/18
In an ideal world, the Australian share market would be isolated from global macro-economic and geopolitical dynamics, so that share price movements in August can be more reflective of corporate results and how they compare to share price valuations and market forecasts.
In the real world, of course, no such separation can be established. And besides, this year the slew of exogenous influences includes political shenanigans in Canberra, from which it remains impossible to separate either way (though many among us would take that option, no doubt about that).
And so it was that after three busy weeks of assessing and weighing up in excess of 230 corporate results, the ASX200 Accumulation Index has gained the grand total of 0.09% for the month. Luckily, July had been a positive month. The as “dovish” perceived Jackson Hole speech by Fed chair Jerome Powell might assist the local market in adding some additional upward momentum into the final week of the month.
< Back to Blog