28 June 2017
Weekly Insights From The FNArena News Desk 26/06/17
With foreign investors accounting for a little less than 50% of ownership in the Australian share market, there has also been an impact from Australia being perceived as less attractive than its peers across Asia. The latter stems from the fact growth for Australian businesses seems to be weighed down by benign consumer spending, a downturn in housing activity and disruption from Amazon, if not governments looking for extra income, instead of experiencing the positive impact from a noticeable pick-up in global growth momentum, as seems to be the case elsewhere.
On FNArena’s observation, earnings estimates for corporate Australia continue to trend lower, on average, and investors have started to pay attention. See also last week’s Weekly Insights.
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