Powered by MOMENTUM MEDIA
Powered by momentum media
Powered by momentum media
nestegg logo

Invest

Investors are happier, and here’s why

By
  • May 29 2019
  • Share

Invest

Investors are happier, and here’s why

By
May 29 2019

A major bank’s research has found that Australian investors are feeling upbeat about current market conditions, and there are a number of factors contributing to this.

Investors are happier, and here’s why

author image
By
  • May 29 2019
  • Share

A major bank’s research has found that Australian investors are feeling upbeat about current market conditions, and there are a number of factors contributing to this.

ANZ

The latest ANZ/Roy Morgan Consumer Confidence Index has reported a 1.2 per cent increase in sentiment towards current financial conditions. This is the highest since February.

The index also recorded a 0.8 per cent rise in sentiment towards future financial conditions.

“Consumers are upbeat about both their personal outlook and the economy in general,” said ANZ Research’s head of economics, David Plank.

Advertisement
Advertisement

“The prospect of lower interest rates and what appears to be a major sentiment shift on the housing market are likely drivers of the positive outlook,” said Mr Plank.

ANZ

The Reserve Bank is widely tipped to imminently lower cash rates as early as next week.

Further, leading economists have revised their forecasts for property markets in light of the federal election, believing a Coalition victory will bring forward the bottom of the price falls to as early as the September quarter.

Forward this article to a friend. Follow us on Linkedin. Join us on Facebook. Find us on X for the latest updates
Rate the article

more on this topic

more on this topic

More articles