18Oct

All Ords to 5500?

In The Australian Financial Review, AMP Capital chief economist Shane Oliver is quoted as saying…

“…our assessment is that shares will have a solid rally into year end with further gains next year. Sharemarket valuations remain reasonable, monetary conditions are set to remain easy and profits are likely to improve next year as global and Australian growth picks up. Australian shares look they could hit 5500 by year end, with a little help from a Santa rally.”

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