Sharemarket Update
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Running Time: 7:30 Date: 01/05/2012 Wait for a boost in the sharemarket jusr around the corner - a drop in interest rates could hold the key Positive momentum around much activity in the United States, and a quieter state of play in Europe, is bringing confidence slowly back to the sharemarket, says Elio D'amato of fundamental sharemarket analysts Lincoln. The companysays the sideways slide of the market in the first half of the year may preceed a strong run in the second half of the year. A catalyst for this will be a reduction in interest rates, which will boost business investment. Will the Reserve Bank bring rates down? Elio says the Reserve Bank now recognises that some business sectors (mining not included!) are suffering - so reduced interest rates are on the cards. Stocks to watch: Aurora Oil;TPG Telecom; Jumbo Interactive Topics: Investment |
Elio D'Amato, Lincoln Stock Doctor |