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Bulls edge ahead in the battle for coming year

Dec 07, 2017 (The Australian - ABIX via COMTEX) --

Investment banks are generally upbeat about the outlook for Australia's benchmark S&P/ASX 200 in 2018. Credit Suisse and Macquarie Group both expect it to end the year at 6,500 points, while Citigroup has a year-end target of 6,400 point. In contrast, Morgan Stanley expects the index to end 2018 at just 5,800 points. Meanwhile, Hasan Tevfik of Credit Suisse believes that factors such as the potential for fiscal stimulus, a sharp rise in bond yields and rising capital investment to influence the direction of the sharemarket in 2018..

Publication Date: 8 December 2017

STANDARD AND POOR'S ASX 200 INDEX
CREDIT SUISSE (AUSTRALIA) LIMITED
MACQUARIE GROUP LIMITED - ASX MQG
CITIGROUP PTY LTD
MORGAN STANLEY AUSTRALIA LIMITED
GOLDMAN SACHS AUSTRALIA PTY LTD
UBS HOLDINGS PTY LTD
DEUTSCHE BANK AG
BLOOMBERG LP
AUSTRALIAN LABOR PARTY
ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT
UNITED STATES.  FEDERAL RESERVE BOARD
EUROPEAN CENTRAL BANK

By David Rogers

Copyright 2017 Roy Morgan Research. All Rights Reserved. ********************************************************************** As of Sunday, 12-03-2017 23:59, the latest Comtex SmarTrend® Alert, an automated pattern recognition system, indicated a DO

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