Market grinds higher: Going into the end of the financial year the market ended the week higher with the S&P/ASX All Ordinaries Accumulation Index closing up 0.8%. This week further evidence the retail sector is struggling with Kathmandu cutting their profit outlook on Tuesday citing slower than expected June sales. More than half a dozen retailers have now revised their earnings forecasts down over the last month. Despite poor GDP figures, US equity markets remained buoyant as investors maintain confidence in a US recovery. More from our Weekly Update: (VIEW LINK)
Nice wrap, looking forward to the outlook themes next week.