Please find below the latest article from Dr Shane Oliver.

Key points to note are:

This year seems to be following the pattern of the last two years with a solid start in share markets followed by weakness commencing around April/May. Europe again is a key driver with fears of an imminent Greek exit from the euro and worries about Spain. Since their highs this year global shares have fallen 8% and Australian shares have fallen by 5.5%.

Key differences compared to the last two years (where share markets fell by around 15-20% from April/May highs) including a stronger US economy (particularly the housing sector which is looking more and more like it is starting to recover), global monetary easing and cheaper share markets hopefully should help limit the downside in shares and should help result in much stronger share markets by year end.

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