Sharemarkets rally despite Brexit jitters
In this video, Shane Oliver, Head of Investment Strategy and Chief Economist at AMP Capital provides an outlook for global markets over the next 6-12 months.
Over the last month or so sharemarkets have rallied as a result of strong economic data and easy monetary conditions, following the initial panic in the aftermath of the Brexit result. As we head into September we may go through a bit of a consolidation as sharemarkets are a bit overbought.
The overall picture looks strong, with the global economy continuing to grow which should feed through into profits, all at a time when interest rates remain low. We should expect to see gains in global sharemarkets over the next 6-12 months.
About the author
Shane Oliver, Head of Investment Strategy and Economics and Chief Economist at AMP Capital is responsible for AMP Capital's diversified investment funds. He also provides economic forecasts and analysis of key variables and issues affecting, or likely to affect, all asset markets.