While shares are at risk of a short-term correction, improving global growth, more stimulus, vaccines and low interest rates augur well for growth assets this year.
Share markets down, Aussie dollar on the up, vaccinations kick off and more!
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The roll out of vaccines and US stimulus optimism have seen global markets move higher, while the latest coronavirus outbreak in Sydney weighed on Australian shares.
Things seem relatively positive for the Australian share market and the $A.
While Coronavirus cases are still rising in many countries, the good news is that a vaccine is out there and there’s a good chance of reaching herd immunity globally by the end of 2021 or early 2022.
A year ago, Christmas was marred by the horrible bush fires in Australia and it ushered in a year that many would rather forget. But coming into this Christmas there are some reasons for cheer.
The Santa Claus seasonal rally normally gets underway from mid-December. After huge gains, shares are at risk of a short-term pause but more upside is likely as momentum is very strong.
Vaccine news keeps getting better and good returns for shares expected.
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