Business
Australia sovereign wealth fund chief warns of stock market ‘clean-out’ – Financial Times
Some asset prices are ‘unsustainable’, says Peter Costello, as concerns rise over inflation
The world’s big central banks are fuelling a bubble in technology stocks that will lead to a “clean-out” on global equity markets, the chairman of Australia’s $135bn sovereign wealth fund has warned.
Rock-bottom interest rates and bond-buying programmes put in place to cushion the impact of the pandemic last year have left economies and markets vulnerable to a shock, Peter Costello said in an interview.
His comments come as investors around the world have started to worry how long central banks…
-
General23 hours agoThousands join pro-Palestinian rallies in towns and cities across Australia amid ceasefire
-
General22 hours agoAustralia’s Diamonds defeat South Africa’s Proteas 65-42 in third netball Test
-
Noosa News19 hours agoFatal Traffic Crash, South Bingera
-
General21 hours agoBathurst 1000 quick hits: Chaz Mostert drinks beer with fans, Erebus owner protests, and drama on Mount Panorama