SYDNEY — Success in tackling COVID-19 has not yet been reflected in Australia’s stock market, which badly lagged regional peers last year.
But as global investors seek high-yielding safe assets to park their wealth in, analysts expect that Australia is poised for a rebound, with heavyweight sectors such as financials, resources and industrials set for strong gains as the global economy recovers and mining exports to China boom.
“The Australian market will do quite well, underpinned by a powerful trifecta of factors — economic reopening, vaccine deployment and fiscal stimulus, all of which will combine to lower unemployment, boost consumer spending and pretty much get the economy back on its feet,” said Matt Sherwood, head of multiasset investment strategy at fund manager Perpetual. Read more…..
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Two Queensland suburban communities will begin construction on zero emission homes, the first to create a model that will be entirely solar and battery powered.