Please click the link below to view Share Oliver’s views on profits and the Australian economy.
Key points are;
- The profit reporting season that just ended was reasonably good with profit growth expectations affirmed
- While June quarter GDP growth slowed, it reflects pay back for unbelievably strong March quarter growth. Forward looking indicatorrs point to a gradual pick-up in demand driven by a rebalancing in the economy.
- The combination of improving growth and low interest rates suggest the trend in Australian shares remain up.
