Original article by David Rogers
The Australian – Page: 27 : 31-Jan-19
Tony Brennan of Citigroup says earnings guidance in the February 2019 reporting season is likely to be influenced by factors such as the slowdown in Australia’s housing market and falling business sentiment. Brennan says companies in a range of sectors have downgraded their earnings forecasts in recent months, and this may be reflected in the upcoming profit reporting season. The S&P/ASX 200 has gained 4.3 per cent so far in 2019, and Citigroup still expects it to test the 6,300-point level by the end of the year.
CITIGROUP PTY LTD, STANDARD AND POOR’S ASX 200 INDEX, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, CORELOGIC AUSTRALIA PTY LTD