ASX to hit 6000 in ’17, says Credit Suisse

Original article by Vanessa Desloires
The Australian Financial Review – Page: 25 : 18-Oct-16

Hasan Tevfik of Credit Suisse believes that the Australian sharemarket’s "profits recession" of the last several years has ended, which will be reflected in the market’s outlook. Credit Suisse expects the benchmark S&P/ASX 200 to reach the 6,000-point level by the end of 2017, buoyed by single-digit growth in earnings per share over the next year. Meanwhile, Matthew Sherwood of Perpetual is upbeat about the outlook for the economy, forecasting a rise in GDP growth over the next 12 months.

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STANDARD AND POOR’S ASX 200 INDEX, CREDIT SUISSE (AUSTRALIA) LIMITED, PERPETUAL LIMITED – ASX PPT, ANSELL LIMITED – ASX ANN, BLUESCOPE STEEL LIMITED – ASX BSL, CALTEX AUSTRALIA LIMITED – ASX CTX, COMPUTERSHARE LIMITED – ASX CPU, FORTESCUE METALS GROUP LIMITED – ASX FMG, LEND LEASE GROUP LIMITED – ASX LLC, MAQUILADORA PARTNERSHIP, MYER HOLDINGS LIMITED – ASX MYR

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