Resources set to drive ASX to 8000 at year’s end

Original article by William McInnes
The Australian Financial Review – Page: 28 : 9-Jul-21

Mike Aked of global investment manager Research Affiliates says Australia’s benchmark S&P/ASX 200 Index could rise above 8,000 points by the end of 2021. He expects the resources sector to drive the local market higher, on the back of the continued strength of commodity prices. Financial stocks have been the main driver of the local bourse’s recent rally, although the materials sector has surged in the last several weeks amid a rebound in the prices of commodities such as iron ore and copper.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, RESEARCH AFFILIATES LLC

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