Euro heading up, USD up and likely to stay up, AUD headed down in response to rate raising overseas while remain on hold for the next year at least.
Beaten up big four and a couple of regional banks, all essentially sound, not a lot of growth but dividends in tact are looking more attractive than ever both O/S and to yield hungry investors at home.
Oil remaining bullish, between 60- 70 dollars allows BHP to flourish along with other oilers.
That's 70% of the XJO taken care of right there.
Money is cheap M&A continues, GTY, APA, SRX they like our infrastructure and medical businesses overseas, there's at least another 5%.
Europe suddenly looks risky, EM beholden to USD debt are looking riskier as they carry a lot of USD denominated debt, we aren't shooting the lights out, home prices are coming off, we are looking ok imo.
Plus still need to cross pre GFC high so catch-up looks imminent.
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Last
8,071.6 |
Change
-20.300(0.25%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,091.8 | 8,091.8 | 8,041.3 |
| XJO (ASX) Chart |