What matters this week: holidays and bank CEOs
Public holidays over the past week (Melbourne last Friday; and Sydney and Brisbane on Monday) meant that trading was light.
But three of the banks' share prices fell. But these moves were probably unrelated to the appearance of their CEOs before the House Economics Committee.
The Twenty leaders fell slightly in a boring week. The only sector to attract attention was resources: BHP, Rio and Woodside all increased by more than 3%, BHP and Woodside on the back of oil prices reaching a four-month high of $50, and Rio rising in sympathy.