Original article by David Rogers
The Australian – Page: 27 : 1-Aug-19

The Australian sharemarket gained 21 per cent in the first seven months of 2019, its best start to a calendar year since 1991. However, Jason Steed of JP Morgan still expects the benchmark S&P/ASX 200 to be trading at around 6,300 points at the end of 2019. He notes that although forward earning-per-share estimates have been revised upwards, this is primarily due to the mining sector. Meanwhile, Tony Brennan of Citigroup says the prospect of further official interest rate cuts could see the ASX 200 reach his firm’s mid-2020 target of 7,000 points.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, JP MORGAN AUSTRALIA LIMITED, CITIGROUP PTY LTD