Original article by David Rogers
The Australian – Page: 30 : 6-Apr-18
The S&P 500 gained 10 per cent in February 2018, while Australia’s benchmark S&P/ASX 200 rose five per cent in response. Equities markets may experience a similar rally in April, with Australian banks in particular having the potential to perform well given that the S&P/ASX 200 banks index is currently at its lowest level for 18 months. Meanwhile, the S&P/ASX 200 is trading on a price-earnings multiple of 14.8 times, compared with its long-term average of about 14.4 times, according to Chris Nicol and Daniel Blake of Morgan Stanley.
STANDARD AND POOR’S 500 INDEX, STANDARD AND POOR’S ASX 200 INDEX, MORGAN STANLEY AUSTRALIA LIMITED, STANDARD AND POOR’S ASX BANKS 200 INDEX, DOW JONES INDUSTRIAL AVERAGE INDEX, NASDAQ COMPOSITE INDEX, NYSE FANG+ INDEX