New to all this financial market trading? The free DailyFX guide is right here and it is all yours. The ASX 200 has had a fabulous run higher but has arguably long needed a little pause for reflection.
The S&P/ASX 200 sharemarket index settled up 28 points or 0.5 per cent higher on Friday at 5960, bringing the week's gains to 1 per cent and cementing a solid start to November after a barnstorming October.
The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has finished the week above 6,000 points for the first time since 2008, amid a backdrop of company tax reform in the United States and a broader outlook of global growth.
Gloom over Westpac's disappointing earnings spread to the rest of the banking sector on Monday, pulling the index marginally lower as it retreated from the key 6000 level it came close to breaching last week.