Financial markets are betting US president Donald Trump will fan hopes of a further easing of his trade war with China when he speaks in New York on Tuesday.
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Investors are piling into Australia's blue chip companies as an apparent easing of global trade tensions unleashes a rotation of money into stocks regarded as relatively inexpensive, driving the ASX towards its record high.
Even amid concerns about weak consumer spending and soft economic growth, supermarket giant Woolworths' shares hit a near record high on Monday of $37.99, up 29 per cent for the year.
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Original URL: https://www.afr.com/markets/equity-markets/bluechips-fight-back-as-value-finds-favour-20191111-p539g1
