Sydney, Jan 17, 2011 (ABN Newswire) - Expect strong markets this week, with the Australian market unlikely to wait for the US to come back from the Martin Luther King Jr day holiday. Us industrial production gains in December confirm the resilience and broad based nature of the US recovery.

China increased the requirement for bank reserve ratios by 50 points but this is unlikely to slow the Chinese juggernaut other than to take the edge off property speculation, which is a good thing. The dip in the Australian dollar on that news represents another buying opportunity. Sterling and Oil are again this weeks favourite markets.

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Clifford Bennett
Herston Economics
Email: clifford@herstoneconomics.com

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