You are viewing:-
you're reading...
1.Market Observations, 8.Was Sticky

14 June 2019 (AFR) – Investors bet RBA will do ‘whatever it takes’ to support ASX, bonds

(14 June 2019, AFR, p31, Sarah Turner, Reporter)

‘Bond and share prices are pushing toward multi-year highs in Australia, raising the stakes for investors who appear to be betting the RBA will do “whatever it takes” to stimulate inflation. The S&P/ASX 200 has jumped 15.9 per cent this year and is approaching the peak reached in 2007 before the global financial crisis. This year’s powerful rally comes on the heels of a renewed easing cycle by the Reserve Bank of Australia, amid a global turn towards lower rates. Aussie stocks are now the most expensive since August 2016, with the ASX 200 trading on an estimated price-to-earnings ratio of 17, well above the 10-year average of 15.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

Advertisements

About robertbrain

Brainy's Share Market Toolbox. Read the honest truth about the sharemarket. Develop or fine tune your investing/trading strategies using share price charts (technical analysis), or learn about the investment strategies of others. Melbourne (Australia) based - supporting share market investors and traders to build wealth through smarter investing using my Share Market Toolbox arsenal of weapons to tackle the market.

Discussion

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Advertisements
%d bloggers like this: