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1.Market Observations, 8.Was Sticky

13 Feb 2017 (TheAge) – Earnings season may challenge Trump reflation trade

(13 February 2017, The Age, BusinessDay, p21, Patrick Commins)

‘Despite the overarching global narrative of a return to growth and inflation, this reporting season may show that life among many listed Australian businesses remains a slog. While analysts expect a year of strong earnings growth for ASX-listed companies overall, a massive rebound in mining profits has provided the backbone. But there is little sign yet that this has broadened out across to other sectors of the economy, investors argue, with consumers in particular remaining reluctant to spend.’



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