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.