"There is a mild risk-on sentiment because of expectations that the fiscal cliff situation will be resolved," said Joe Bracken, head of macro strategies at BT Investment Management in Sydney. "If it does get resolved, you are going to have a very good start to 2013."
The declines "cannot go on forever, because you cannot ignore that the world economy is looking a lot better now and there were a lot of issues that are no longer there anymore," said Joe Bracken, head of macro strategies at BT Investment Management in Sydney.
Date: Nov 16, 2012
Source: Google
Asian Shares Mixed; But HK Property Developers Slide
"You've got the U.S. essentially closed, so there will be less of that U.S. liquidity that drives a lot of international markets," said Joe Bracken, head of macro strategies at BT Investment Management in Sydney, suggesting that the hurricane could contribute to quiet trading.
better idea of the state of the world's number two economy and main regional growth driver."These days there seems to be a lot of attention (paid) to one bad number and not a lot of attention (paid) to one good number," said Joe Bracken, head of macro strategies at BT Investment Management in Sydney.
"These days there seems to be a lot of attention (paid) to one bad number and not a lot of attention (paid) to one good number," said Joe Bracken, head of macro strategies at BT Investment Management in Sydney, adding that investors "are very reluctant to commit to anything unless they see a series
"Right now there is nothing on the immediate horizon that could stop the great rise that equity markets have had recently," said Joe Bracken, head of macro strategies at BT Investment Management in Sydney, which manages $44.3 billion Australian dollars (US$45.1 billion) worth of assets as of the