Investment Matters

The markets

The Australian share-market eased a little this week, with Friday's 1% drop (at lunchtime) wiping out gains from Monday and Tuesday.

Resource companies showed most robustness, with BHP, Rio and Woodside all comfortably in the black.

Of the losers, almost all other 20 Leaders had a soggy week: ANZ and QBE each fell over 3% and AMP continued its poor run, down over 2%.

Trading volumes were light, with little strong interest on either side.

The US market continued to edge up, to now be less than 1% away from its all time high of July last year.  But as W&D separately notes, US company profits have been declining.  So, the market's P/E is going up, and is now over 19.  It's looking expensive.

This week (All Ordinaries Index)

this week

FYTD (All Ordinaries Accumulation Index)

FYTD 10 Jun