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The New Daily
The New Daily
Tony Sycamore

Market wrap: Federal election and hawkish RBA move expected to dominate markets this week

The Australian federal election is being held on Saturday.

Another wild ride for US sharemarkets last week, down over 6 per cent at one point, before a rally on Friday helped trim losses to a more respectable 2.4 per cent.

The month of May has lived up to its reputation as a volatile one for the ASX200, which closed the week 1.8 per cent lower at 7075 after being down 3.75 per cent at one point.

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