Investment Matters

The markets

Markets 11 Sep 15

In another week of volatility, the local market rallied more than 3.5% on Tuesday and Wednesday, buoyed by increases in mining and energy stocks following the takeover announcement for Oilsearch by Woodside Petroleum, and the relative stability on the Chinese market.  However, the market fell nearly 2.5% on Thursday, finishing the week only slightly higher.

The US market closed flat for the week, as investors remain uncertain as to whether the Federal Reserve will increase interest rates this month, following the release of mixed employment data.