Press Releases

Distributed: Feb 21, 2011

Alerts Login

Share on StockTwits  
Sydney, Feb 21, 2011 (ABN Newswire) - The equity market has started the weak with a heavy tone. While a return to bullish sentiment can be expected at some point through the week, the increased public outcry against several governments in the Middle East over the weekend are bound to cause investors some pause. It is most likely that any down turn in prices over Monday Tuesday are an opportunity to buy, as the global economy will not be slowed by these geopolitical developments.

In Asia today there is the added weight of HSBC signaling that Chinese equities should be avoided until the second half of the year due to the expected actions there to calm inflation. The Herston Economics view is that China will maintain very strong growth of 10% this year despite these developments, and so again Clifford Bennett suggests these represent good buying levels, with a move above 2,980 on the Shanghai composite index likely to start a fresh bull rally to 3,300 3,600 this year.

View the videocast here:

Share on StockTwits  


Clifford Bennett
Herston Economics

ABN Newswire
Tel: +61-2-2947-4344
Fax: +61-2-9247-4511

  Related Companies

>>>              Herston Economics

  Related Industry Topics:

Metals | E-Commerce and Mobile | Credit & Misc. Finance | Consumers General | Financial General | E-Business | Retail & Merchant Banking | Mining | 

  This Page Viewed:  (Last 7 Days: 2) (Last 30 Days: 17) (Since Published: 1655) 


  ABN Newswire on Social Media

Site Search

 ENGLISH   All Languages
Send A Press Release
Webcast Your Annual General Meeting

Mobile Video TV

Scan with your Mobile Phone to view ABN Newswire Video Channel on Mobile