Original article by David Rogers
The Australian – Page: 26 : 8-Dec-17
Investment banks are generally upbeat about the outlook for Australia’s benchmark S&P/ASX 200 in 2018. Credit Suisse and Macquarie Group both expect it to end the year at 6,500 points, while Citigroup has a year-end target of 6,400 point. In contrast, Morgan Stanley expects the index to end 2018 at just 5,800 points. Meanwhile, Hasan Tevfik of Credit Suisse believes that factors such as the potential for fiscal stimulus, a sharp rise in bond yields and rising capital investment to influence the direction of the sharemarket in 2018.
STANDARD AND POOR’S ASX 200 INDEX, CREDIT SUISSE (AUSTRALIA) LIMITED, MACQUARIE GROUP LIMITED – ASX MQG, CITIGROUP PTY LTD, MORGAN STANLEY AUSTRALIA LIMITED, GOLDMAN SACHS AUSTRALIA PTY LTD, UBS HOLDINGS PTY LTD, DEUTSCHE BANK AG, BLOOMBERG LP, AUSTRALIAN LABOR PARTY, ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT, UNITED STATES. FEDERAL RESERVE BOARD, EUROPEAN CENTRAL BANK