ASX 200 Forecast: Aussie Equities Looking for Relief after Tough Start to September

asx 200 forecast aussie equities looking for relief after tough start to september

Sumary of ASX 200 Forecast: Aussie Equities Looking for Relief after Tough Start to September:

  • While this stance was made public at the most recent RBA policy meeting, a myriad of headwinds has piled the pressure on Australian risk-assets.
  • A combination of weak Chinese economic data and Australian covid fears has limited near-term upside for the Aussie Dollar, as market participants digest significant headwinds.
  • Retail sales and industrial production highlighted fears over China’s economic slowdown, with additional fear stemming from the potential regional fallout from the Evergrande debacle.
  • Domestic Covid restrictions, as well as falling iron ore prices, also represent significant headwinds for Australian optimism.

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