Original article by David Rogers
The Australian – Page: 18 : 9-Jan-19
The benchmark S&P/ASX 200 reached an intra-day high of 5,733.7 points on 8 January, having fallen to 5,410.2 points on 24 December. Morgan Stanley says the financial services royal commission, the upcoming federal election, the impact of falling house prices on consumer confidence and the outlook for the Chinese economy are key risks for the local bourse in the near-term. However, Chris Nicol and Daniel Blake of Morgan Stanley expect the market to rise above 6,000 points in 2019.
STANDARD AND POOR’S ASX 200 INDEX, MORGAN STANLEY AUSTRALIA LIMITED, STANDARD AND POOR’S 500 INDEX, MORGAN STANLEY AND COMPANY INCORPORATED, UNITED STATES. FEDERAL RESERVE BOARD, APPLE INCORPORATED