Original article by Vanessa Desloires
The Australian Financial Review – Page: 1 & 11 : 9-Aug-16
Australia’s benchmark S&P/ASX 200 Index closed at 5,537.8 points on 8 August 2016, but opinion is divided on the level at which it will be trading by the end of the year. Morgan Stanley still expects the ASX 200 to fall to 4,800 by years’ end, although Citigroup, UBS and Credit Suisse forecast that it will be trading at around 5,500. Meanwhile, Tony Brennan of Citigroup expects it to be trading at 5,750 in mid-2017.
STANDARD AND POOR’S ASX 200 INDEX, MORGAN STANLEY AUSTRALIA LIMITED, CITIGROUP PTY LTD, UBS HOLDINGS PTY LTD, CREDIT SUISSE (AUSTRALIA) LIMITED, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, WOOLWORTHS LIMITED – ASX WOW