Morningstar Australasia Pty Ltd ABN: 95 090 665 544, AFSL: 240892
The stronger state of world business activity will provide further support for global growth assets, but there is little room for slippage. The risk is that current expensive valuations (especially in the U.S.) are priced for perfection and could be vulnerable to setbacks. In Australia, both the RBA and Treasury have recently predicted better times ahead, and the latest economic data has also been encouraging.
For more on the latest economic update from Morningstar Australasia please click here.