Market Tips: Bullish on Miners, Financials
Global stocks were mostly lower on Thursday as upbeat economic data from the UK and Germany was offset by worse-than-expected data out of Sweden and Spain, leaving investors wary of chasing shares higher in light-volume trade. Experts tell CNBC they like financials, miners and China.
Upbeat on Banking, Basic Resource Sectors
Lucinda Chan, divisional director at Macquarie Private Wealth tells CNBC she is bullish on miners and financials.
Bullish on China
Despite the recent volatility in the Chinese market, Paul Ramscar, director of wealth management at Financial Partners is still bullish on the China.
China Remains Strong
The overall picture in China will remain strong, says Shane Oliver, head of investment strategy and chief economist at AMP Capital Investors. But he warns CNBC that China will at times be a source of volatility for Australia.
Australia's Housing to Recover in 2010
Keep an eye on Australia's housing sector next year, says Shane Oliver, head of investment strategy and chief economist at AMP Capital Investors. He tells CNBC that 2010 will be the year of Australia's housing recovery.
Too Much Optimism for Aussie
There is too much optimism priced into the Australian dollar, says John Horner FX strategist at Deutsche Bank.
The Case Against Dollar-Cost Averaging
Dollar-cost averaging is the worst investment advice possible in the current environment, Kirby Daley, senior strategist at Newedge said.