Global market worries are all about US presidential election in the short term while Italian referendum and US Fed rates cycle are the next road blocks ahead. The potential end of easing cycle locally and the rate hike in US will support the yield outlook in the Australian banking sector while the low credit growth and regulatory capital requirements remains the overhang. Bank update season was relatively stable while two out of the four big banks will go ex-dividend over the next week. Full report... (VIEW LINK)
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