Afternoon Report / The Market recovers yesterday’s losses & more….!

By Market Matters 13 July 17

The Market recovers yesterday’s losses & more….!

Market Matters Afternoon Report 13th July 2017

Yesterday’s weakness becomes a distant memory with the market marching to the tune of US strength. Overnight the DOW traded to a new all-time high despite the Canadian Central Bank raising rates and today the Australian Market jumped inline.

Strength in the recently weak Healthcare sector led the way while most weakness was felt in the defensive Telcos, which lost -0.15%,  an overall range of +/- 68 points, a high of 5742, a low of 5673 and a close of 5736,  up 63pts or +1.21 %.

The MM office moved this afternoon, so a short report – back tomorrow morning with a more comprehensive take on world markets, and how we should be positioned.

ASX 200 Intra-Day Chart

ASX 200 Daily Chart

Have a great night

 

The Market Matters Team


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