Business
ASX resets nine-month high – The Australian Financial Review
The benchmark closed at a fresh nine-month high; commodity price strength lifted resources stocks; Lang Walker-backed Next Science loses a key distribution deal…
Citi thinks the outlook for bank earnings and credit growth has fallen behind the potential for residential property prices to take off at the hands of cheap money.
Looking across the Tasman to the dramatic turnaround in housing price growth in New Zealand, Citi reckons monetary policy here will drive the same outcome and bank investors should take note.
“The RBAs almost singular focus on the currency will lead to the inevitability of what always happens when rates fallasset prices go up,” Citi’s…
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