The ASX 200 has closed down 0.75% at 5113.90 today, reverting back to Tuesday’s opening price after hitting a three-month high this week.
The index rose to a high of 5168.2 on Wednesday in anticipation of strong results from CBA, CSL, Westfarmers and ANZ Bank.
The ASX lost 0.85% at today’s open, over Wall St tapering fears, mixed commodity prices and a firm Aussie dollar.
In his weekly update this afternoon, AMP chief economist Shane Oliver noted that Australian economic data was a mixed bag, with business confidence and conditions weak but consumer confidence rising.
He said company results had “not been fantastic but [not] as bad as feared” so far, with 41% exceeding expectations and 33% below expectations.
Via investing.com, here’s what happened this week: