Citi tips ASX to hit 6000 by end of 2017

Original article by Jessica Sier
The Australian Financial Review – Page: 31 : 7-Oct-16

Citigroup is bullish about the outlook for Australian equities and corporate earnings. It forecasts that the benchmark S&P/ASX 200 will gain 10 per cent over the next year or so to top the 6,000-point level by the end of 2017. Citigroup also expects the corporate sector to post earnings growth of eight per cent in 2016-17, following an 11 per cent decline in 2015-16. The firm is also upbeat about global equities, anticipating a 10 per cent rise by the end of 2017.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEXCITIGROUP PTY LTDMORGAN STANLEY AUSTRALIA LIMITEDRESERVE BANK OF AUSTRALIA

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