ASX, Commodities and Interest Rates
from Market Watch Hosted by BFM Media
Clay Carter, Head of International Equities at Perennial Investment Partners talks about investors on the ASX locking in gains for 2011. he forecasts that the market will perform better next year following the US market. He adds that when the stock market starts to perform next year, more investors will jump in. There has been softness in the economy and retail sales, so interest rates will not be raised in the near term. The housing market has plateued but there has been a pick up this holiday season. He is positive on mining due to bottlenecks, bad weather and the expectation for China to stock up on commodities next year. On the Swiss franc, he says investors would have made money if Euro holders had turned to it as a safe haven, but they would have done better with the US dollar and gold.
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