Investment Matters

The markets

It's been a very strong week for both the US and Australian markets.

Oil prices rose to a four-month high, pushing up mining stocks.  And Australian banks regained popularity from offshore investors, which pushed up not only the share prices of the banks but also the level of the Australian dollar.  

The US market (S&P500) was up by 2% for the week to last night, but was overshadowed by a strong local market, which rose just over 3%.