This note looks at the outlook for share markets. The key points are as follows: – Shares and other listed growth assets have hit an air pocket in the last two weeks – with most share markets having experienced falls of around 5 to 7%. – It is too early to say that the pull…
This note looks at the outlook for unlisted office, retail and industrial property. The key points are as follows: – Since peaking in late 2007, unlisted commercial property prices have fallen by around 20% as a result of the fallout from the global financial crisis. – However, commercial property values appear to be at, or…
This note looks at the relative attractiveness of Australian versus mainstream global shares, which are dominated by the US, Europe and Japan. The key points are as follows: – Despite outperforming global shares over the last decade, Australian shares continue to provide better return prospects than mainstream global shares (dominated by the US, Europe and…
This note looks at the global economy and financial markets one year on from Lehman Brothers’ demise. The key points are as follows: – The global economy is now in far better shape than was the case in the aftermath of the Lehman Brothers’ collapse a year ago. Money and credit markets have improved dramatically,…
The global and Australian sharemarkets have rallied around 40% from their March lows in anticipation of an earnings recovery. Matthew Sherwood, Perpetual’s Head of Investments Market Research evaluates the recovery and finds that although economic growth should improve in H2 2009, markets appear to be experiencing valuation fatigue and will need analysts to upgrade FY2010…
This note looks at the implications of an upturn in the interest rate cycle for investors. The key points are as follows: – With the economic emergency which followed the global financial crisis now fading into history, interest rates will soon start to rise, with Australia likely to lead the way. – While rising rates…
