Australian stock market sustains highest point since global financial crisis

ASX200 closes above 6,000-point barrier for second day running as it sustains post-GFC highs

The Australian stock market has closed above 6,000 points for the second day running although analysts warned that it was too early to predict whether it could push on and match the kind of all-time highs being marked in New York, London and Tokyo this week.

The S&P/ASX200 reached its highest level since before the global financial crisis on Tuesday and remained above the benchmark level at the close on Wednesday at 6,016 points – a slight rise on the overnight close of 6,014.

Related: Treasury secretary says officials caught off-guard by extent of wages slowdown

Related: The smiling, clueless face of capitalism has had a big week | Greg Jericho

Continue reading…

Previous Post
Next Post