Shane Oliver
Shane Oliver
australian earnings market share strong thanks
So on this basis, and thanks to very strong earnings growth, the Australian share market is still cheap.
fall lose market per points wall
I don't think we will fall as much as Wall Street. Our market will lose 50 points or 1 per cent.
assessment bounce house mark prices start sustained unlikely
Our assessment is that house prices may have a bounce but this is unlikely to mark the start of a sustained recovery.
globally hostage largely market
Our market will be largely hostage to what's going on globally this week.
appear correction entered fairly global markets period share start strong
Global share markets appear to have entered a period of correction after most markets had a fairly strong start to the year.
bit correction financial globally interest markets possible pressure putting quite rates share
Interest rates globally are putting some pressure on financial stocks. It's quite possible we go through a bit of a correction in share markets around the world.
high households housing interest market petrol pressure rates remains slowing
The housing market remains in the doldrums. With the housing market still slowing and households under pressure from high petrol prices, interest rates will remain on hold.
continues data fed homes market pressure sales ultimately
The homes sales data is more important, because if the market continues to slow, that will ultimately take pressure off the U.S. Fed Reserve.
asian crisis far risk situation
The situation is far healthier. The risk of another Asian crisis is very low.
cent consensus december growth per profit year
Consensus expectations are for profit growth of 13.4 per cent for the year to the December quarter.
areas consumer exports fill help hole investment left luckily mining plug slowing
We need other areas to fill the hole left by slowing consumer spending. Luckily mining investment and exports are increasing, which will help plug the gap.
decision head knock recovery retail sales seeing slow
Today's decision will slow the recovery we've been seeing in retail sales and housing. It will be a knock on the head for both.
attractive based bond compared current earnings fair level remains value yields
Based on the current level of bond yields and earnings fair value around 5 600 points, the dividend yield remains attractive compared to alternative investments.
global growth insulated looking mining portraying rely resources returns stocks tragic woes
Returns aren't going to be as tragic as some are portraying because the mining stocks are still looking fine. The resources stocks rely more on global growth so, to a degree, they're insulated from many of the woes afflicting our own economy.