Dr Shane Oliver (AMP Capital) – considers the Market outlook after a rough financial year…………
Dr Shane Oliver (AMP Capital) considers the outlook for sharemarkets after a poor financial year in the attached summary (Please click on to read). Key points include:
- Worries about the global growth outlook weighed on sharemarket returns over the last financial year. Australian shares additionally suffered under the impact of high interest rates, the strong Australian dollar and China worries.
- While the macro environment will remain one of constrained and volatile returns, a lot of bad news is already factored into shares and some of the drags on the performance of Australian shares are now reversing. As a result, sharemarkets are likely to perform much better over the next 12 months than they did over the past 12 months.