Original article by David Rogers
The Australian – Page: 18 : 10-Jan-20
The S&P/ASX 200 fell just shy of the record 6,893.7 points on 9 January, as tensions between the US and Iran eased. Meanwhile, the S&P 500 reached a new intra-day high. Peter Cecchini of Cantor Fitzgerald says the S&P 500 could potentially reach 3,300 points in the near-term, but he expects it to fall to 2,880 by the end of 2020. However, there is every indication that equities markets in developed countries will continue to rally in the near-term; the Australian market will receive a further boost if the cash rate is reduced in February.
CORPORATES
STANDARD AND POOR’S ASX 200 A-REIT INDEX, STANDARD AND POOR’S 500 INDEX, CANTOR FITZGERALD, RESERVE BANK OF AUSTRALIA