Citi upbeat on stocks amid rising resources

Original article by David Rogers
The Australian – Page: 28 : 30-Jan-18

The general consensus of analysts is for the S&P/ASX 200 to be trading at around 6,250 points at the end of 2018. However, Citigroup has upgraded its year-end forecast from 6,400 points to 6,600. Tony Brennan of Citigroup notes that there is the potential for further upside if the recent rise in commodity prices is sustained. The S&P/ASX 200 has gained 0.2 per cent so far in 2018, compared with a gain of 7.5 per cent for the S&P 500.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, CITIGROUP PTY LTD, STANDARD AND POOR’S 500 INDEX, MSCI ALL COUNTRY WORLD INDEX, WOOLWORTHS GROUP LIMITED – ASX WOW, TELSTRA CORPORATION LIMITED – ASX TLS, QBE INSURANCE GROUP LIMITED – ASX QBE, LEND LEASE GROUP LIMITED – ASX LLC

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