Investment Banking MC
Financials To Play Large Role In 2016 Market Performance
Taylee Lewis, InvestorDaily
IOOF chief investment officer Steve Merlicek said in addition to offshore factors, the success or otherwise of the Australian equity market will largely be determined by both financials and mining.
According to Mr Merlicek, the financial sector will be dependent on the outlook for banks. He said on all fronts – particularly housing, bad debts and new prudential requirements – there will be headwinds for most financial institutions.
The rest of this article can be found at investordaily.com.au.
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