Wednesday June 17, 2009
With unemployment on the rise as companies shed staff to cope with decreases demand due to the global financial crisis, 2009 has so far been steadfast but expectantly slow in terms of investing in the stock market. This website proves that you can make money in any market with the right trading tools, but for much of Australia, a true market recovery is what many investors are banking on.
While Australia has so far avoided a technical recession and shown great resilience compared to many other nations feeling the effects of the crisis, the downturn has been felt at home as well as abroad. In many cases, speculators from around the world have suggested mid 2010 will be the magic time for true stock market recovery, and the latest report from Westpac echoes this sentiment.
The Westpac Melbourne Institute Leading Index indicated forecast positive growth in 2010, especially after recent positive activity on the market. Westpac has predicted a growth rate of one percent after expected contractions in June and September quarters. The important indicator suggests good news for the stock market and investors looking to capitalise on the current value of shares.
From "Stock Market"
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