4 June 2018

Bassanese Bites: Mamma Mia! – Week beginning: 04 June 2018

It was a mixed week for markets last week. Fears surrounding Italy and US President Trump’s trade policies weighed on sentiment, while continued “Goldilocks” US economic data and “on again” Korea talks helped support equities by week’s end. All up, the S&P 500 managed to finish the week up 0.5%, thanks to a solid 1% gain on Friday, which should be reflected in a solid open for the S&P/ASX 200 Index this morning. Benign US inflation reports helped contain the $US and bond yields last week, while oil rebounded due to some uncertainty as to when and how much OPEC/Russia would lift production in the months ahead.

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