Equity markets post-April outlook less gloomy
Australia is unlikely to experience a rerun of the post-April slump in equity markets which occurred in both 2010 and 2011, according to AMP Capital chief economist Shane Oliver.
In his latest analysis, Oliver said he did not see a re-run of the past two years where shares peaked around April only to fall 15 per cent to 20 per cent.
However, he said he did believe the ride over coming months would "become a bit rougher after the strong gains seen in the March quarter".
Oliver said this had certainly proved to be the case over recent weeks and that Europe still represented potential sources for mishaps, given the upcoming elections in Greece and France and Budget problems in Spain.
"However, any correction should be mild - say five to 10 per cent rather than 15 to 20 per cent, and we still see share markets higher by year end," he said.
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