And that’s a Wrap Friday 8 March 2024.
Better than normal in Australia.
During February 2024, analysts have, in aggregate, downgraded their ASX 200 June 2024 profit forecast by 0.4% or $600m to $147b. On average analysts downgrade their profits outlook by 0.7% during a reporting season month (February and August).
MST Strategist Hasan Tevfik notes that “Aussie earnings per share (EPS) momentum has lagged other markets, but we think this is in the process of changing. We think a turn in Aussie EPS momentum will be important drivers of the ASX 200 price index reaching an index target of 7900 and potentially beyond.”
Finally, listen to Siobhan Blewitt on Disrupt Radio’s Enterprise Breakfast with Libbi Gorr on Monday mornings at 7am. This week, key topics discussed were inflation and the stock market.
For more information on wealth management strategies, portfolio advice and Frais Capital, go to fraiscapital.com .
