Money The ASX is marching to new 10-year highs

10:55  09 july  2018
10:55  09 july  2018 Source:   businessinsider.com.au

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The ASX 200 is up 0.4% to 6,242, near 10 .5 year highs . Mid-Session 2 Jul 18: Market kicks off new financial year higher - Продолжительность: 2:26 CommSecTV 159 просмотров. Новинка!

Pakistan Palau Palestinian Territory Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal. The S&P/ ASX 200 index was 43.3 points, or 0.7 per cent higher at 6258.8, a fresh 10 - year intraday high . Ousted Pakistani PM Sharif sentenced to 10 years in prison.

Each of these companies is clearly being priced on revenue growth – and most of them are unprofitable. © (AAP Image/Paul Miller Each of these companies is clearly being priced on revenue growth – and most of them are unprofitable. Australian stocks continued their march higher, hitting 10-year highs at the start of a new trading week.

The ASX200 briefly broke through the key 6301 point level. A short time ago the index was at 6,287.50, up 15.20 points or 0.24%.

The market has gained almost 1.5% in little more than a week since the start of the new financial year.

The financial year closed with total returns on Australian shares (All Ordinaries Accumulation index) up by 13.7%

The ASX200 closed last week at new 10-and-a-half year high. A decade ago the ASX200 was at 5,011.90.

Aussie household incomes take another hit despite the boom

  Aussie household incomes take another hit despite the boom The pattern of Australia's household income asks an interesting question: is it worse to have a financial crisis or a Coalition government?The bizarre thing is that this is happening while corporations are generating record profits, top end salaries are at all-time highs, Treasurer Scott Morrison is bragging about national income and the whole world is in a strong upswing in trade, jobs and economic growth. “Household gross disposable income” measures the cash Australian families and individuals receive from all sources — jobs, investments and other streams — after paying taxes and the Medicare levy.

This could put Oil Search Limited ( ASX : OSH) and Woodside Petroleum Limited ( ASX : WPL) shares in a position to print new 52-week highs on Thursday. Is CSL the best blue-chip share on the ASX ? Turning $ 10 ,000 into million Was Just the Beginning For 5 ways to save money this financial year .

The ASX 200 came within half a point of breaking its 10 - year high , as ANZ and Telstra dragged. The new bid is valued at .35 billion bid, 0 million than the offer made by a BGH Capital-led which have declined almost a third since mid- March according to data compiled by SteelHome.

Wall Street ended the week on a high with the S&P500 up 0.9% on Friday, its highest in two weeks, shrugging off news that the US and China imposed $US34 billion of tariffs on each other's exports, and instead focusing on better-than-expected growth US jobs.

Today on the local market, BHP was leading the rises, up 1.8% to $33.75. Rio Tinto added 1% to $80.60.

The banks all added weight with the Commonwealth up 1% to $76.46.

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