A dovish pivot from the Reserve Bank and scaled-back expectations over the rate of Australian interest rate increases helped the benchmark S&P/ ASX 200 Index add 4.5 per cent in the past week.
The energy sector outpaced the market all week, after the OPEC+ group of oil-producing nations moved to cut output by 2 million barrels a day and stoke a week-long, oil-price bull run.
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Tom Richardson writes and comments on markets including equities, debt, crypto, software, banking, payments, and regulation. He worked in asset management at Bank of New York Mellon and is a member of the CFA Society of the UK as a holder of the Investment Management Certificate. Connect with Tom on Twitter. Email Tom at tom.richardson@afr.com
