Business
ASX thumps global peers in best November in 30 years – afr.com
A heavy rotation into value and domestic cyclicals has lit a fire under the sharemarket’s performance in November, with the local bourse set to cap off its best…
Numerous rate cuts from the Reserve Bank of Australia, the implementation of yield curve control and a $100 billion quantitative easing program, coupled with strong fiscal support from the Australian government has laid the groundwork for a strong rebound, particularly in domestic cyclicals.
The local sharemarket has lagged in the recovery through most of the year, as index-heavy value stocks suffered through the downturn while the high-flying tech stocks soared.
Banks, miners and energy stocks…
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