Weekly review: buyers swoop on the ASX despite gloomy signals

Weekly stock market review ASX Australia June 2019
WEEKLY MARKET REPORT

Central banks might be cutting interest rates and governments are arguing over tariffs but all of that gloom only added to the buying pressure before the Queen’s Birthday long weekend.

With even the Reserve Bank now agreeing that interest rates are set to stay low and trending lower, the hunt for higher yields was on across the share market with all sectors bar the consumer discretionary stocks joining the party.

Almost every sector on the Australian share market ended up higher as a rally sent the ASX 200 up 60.9 points, or 1%, to 6443.9 points.

There were some hefty gains right across

... read more at: https://smallcaps.com.au/weekly-review-buyers-swoop-asx-despite-gloomy-signals/