10 May 2013
Australian shares
The rally in Australian equities which began in June 2012 has
continued into the first quarter of 2013. The S&P/ASX 300
Accumulation Index was up 8.04 per cent for the March quarter
and has gained 25.44 per cent over the nine months since June.
This has been largely driven by improved investor confidence
around the globe as the worst of the European banking crisis
appears to have passed and the US economy continues to deliver
moderate but relatively steady growth. Investors are now looking
for improvement in company earnings to push equity markets
higher from current levels.
Provided by IOOF.
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