Business
Two-speed sharemarket hurtles into earnings season – The Australian Financial Review
The unprecedented mix of ultra-low interest rates, fiscal stimulus and COVID-19 are starting to exaggerate the divergent performance of sharemarket sectors.
“That’s the bottom line with growth stocks. I can promise you growth and earnings in near infinity. And you wouldn’t care, you wouldn’t bat an eye lid,” said Credit Suisse’s Damien Boey. “Because the dollar tomorrow in a low interest-rate environment is worth almost as much as the dollar today.”
Mr Boey said there is more to the banks’ lacklustre performance than the coronavirus. He speculated that quantitative easing is also posing a challenge to the big four in the same way that QE offshore h…
-
General12 hours agoChina and Philippines trade blame over latest South China Sea clash
-
General13 hours agoSmall plane crashes into San Diego neighbourhood, setting homes and vehicles on fire
-
Noosa News21 hours agoConfusion over licensing and access to hunting grounds under WA’s strict gun laws
-
General12 hours agoOf saints and sinners | The Spectator Australia