Shane Oliver Head Economist at AMP discusses the state of the share market after the lows experienced in previous weeks. He also has a look at other global markets and their recent trends.
The key points are as follows:
• Risks regarding China and the Fed may be receding a bit for now but there remains plenty to keep an eye on including the risk of an “accident” flowing from slower emerging market growth and the plunge in commodities.
• However, our broad assessment remains that the cyclical bull market in shares is likely to reassert itself in the seasonally strong months into year end.
• This is likely to see the Australian share market rise back to around 5500 for the ASX 200 by year end.
To view the full article click here: Worry list – OI #35 2015