1. Most Discussed
  2. Gainers & Losers
HOR 1.6¢

Perfect day to release news......

  1. Stocks78

    2,782 Posts.
    Market tipped to hit new post-GFC high
    Published: 5:18 am, Monday, 16 February 2015

    - See more at: http://www.skynews.com.au/business/...t-new-post-gfc-high.html#sthash.XPizaLJ5.dpuf

    The Australian sharemarket is expected to continue its run into new post-GFC highs with an improving global outlook and declining interest rates at home.

    The All Ordinaries and SP/ASX200 indices soared on Friday to their highest levels since mid-2008, then Wall St posted a solid gain on Friday night as oil prices showed signs of stabilising and new data indicated the Eurozone economy was picking up pace.

    AMP chief economist Shane Oliver says as a consequence of the positive global lead, it's looking fairly good for Australia's open today.

    The Reserve Bank tomorrow releases the minutes from its February meeting, when it cut the cash rate to a record low 2.25 per cent.

    Dr Oliver says the minutes are expected to repeat RBA Governor Glenn Stevens's message in parliamentary testimony on Friday that Australia's economy is running below trend, inflation is benign and the impression there's scope for more interest rate cuts.

    He says the Australian dollar is expected to continue weaken over longer term and will likely trade at 70 US cents by the end of the year.

    - See more at: http://www.skynews.com.au/business/...t-new-post-gfc-high.html#sthash.XPizaLJ5.dpuf

Before making any financial decisions based on what you read, always consult an advisor or expert.

The HotCopper website is operated by Report Card Pty Ltd. Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.

From time to time comments aimed at manipulating other investors may appear on these forums. Posters may post overly optimistic or pessimistic comments on particular stocks, in an attempt to influence other investors. It is not possible for management to moderate all posts so some misleading and inaccurate posts may still appear on these forums. If you do have serious concerns with a post or posts you should report a Terms of Use Violation (TOU) on the link above. Unless specifically stated persons posting on this site are NOT investment advisors and do NOT hold the necessary licence, or have any formal training, to give investment advice.


Thank you for visiting HotCopper

We have detected that you are running ad blocking software.

HotCopper relies on revenue generated from advertisers. Kindly disable your ad blocking software to return to the HotCopper website.

I understand, I have disabled my ad blocker. Let me in!

Need help? Click here for support.