Business
ASX to rise, China’s GDP data in focus – The Australian Financial Review
Australian shares are set to open higher with data on the strength of China’s economy scheduled to be released on Monday.
“A year-end rally can now be expected,” Hayes wrote. “The sell signals have now been reversed by all three of the models internals that flashed sell signals during the past month.”
Hayes said the market correction in September eased “excessive optimism”, “leaving global equities better positioned to benefit from seasonal tendencies that have now turned bullish”.
While there’s no local data this morning, local investors await the latest GDP data from China.
IHS Markit said it is estimating Chi…
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