Deutsche Bank executive Glenn Morgan says that following an analysis of reporting season,we are not sure what to worry about

Deutsche Bank executive Glenn Morgan says that following an analysis of reporting season,we are not sure what to worry about. Deutsche says the Australian market has just come through the best reporting season in some years, with 58% of companies reporting better-than-expected results. Analysts have now upgraded the forecasts for 47% companies. Deutsche notes the December half saw the best corporate earnings growth in three years, helping to justify the recent equity market gains. Corporate earnings margins have been impressive, reflecting some serious cost cutting in a wide range of major companies, from industrials to resources. Underlying the bullish analysis from Deutsche are views that the outlook for China is still good, the dollar will likely hit US75c by the end of next year and that listed companies currently hold $71 billion in cash on hand -18%higher than a year ago. (VIEW LINK)


2 topics

Livewire News brings you a wide range of financial insights with a focus on Global Macro, Fixed Income, Currencies and Commodities.

Expertise

No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.