Investment Matters

The markets

Markets 11 3 16

After last week's excitement, the markets were more moderate this week.  Monday continued the momentum from last week, assisted by a higher oil price, and better than expected US employment data.  Data releases were fairly light for the remainder of the week, leaving the market to contemplate oil and iron ore price movements (and the upward move of the AUD). Over last week, and to Wednesday this week, the iron ore price increased 25.5%, and the oil price (WTI) increased 22.2%. Overall the US market finished down 0.2% for the week, and the Australian market finished up 0.8%.