Original article by William McInnes
The Australian Financial Review – Page: 13 & 27 : 27-Aug-19
Federation Asset Management chairman Greg Bundy says financial markets will keep falling, as he does not expect the US-China trade war to be resolved for some time. Matt Sherwood of Perpetual agrees that there is unlikely to be a quick resolution to the trade dispute. Bearish sentiment slashed the value of Australian stocks by around $26bn on 26 August, while the yield on 10-year Australian government bonds fell to 0.88 per cent. Shares in gold producers also rallied as investors sought out ‘safe-haven’ assets.
FEDERATION ASSET MANAGEMENT, PERPETUAL LIMITED – ASX PPT, STANDARD AND POOR’S ASX 200 INDEX, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT