Outlook for Investment Markets
The outlook for world sharemarkets has been boosted by improved prospects of the Greek financing package, better economic news out of the United States, and ongoing growth in the developing world. While there are still plenty of risks to go around, improved investor confidence is positive for the prospects for growth assets. Despite this improvement in confidence, however, bond yields have stayed at unusually low levels. The Australian sharemarket has been relatively sidelined from the global rally, although the economic outlook remains solid in both New Zealand and Australia.
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