Stock Market Outlook is Positive

The mood among global business executives is the brightest since 2014, with optimism about future growth and profits edging higher

Peter Gee 21 March, 2018 | 3:08PM
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The economic and financial news continues to show that the world economy is picking up pace.

The single most important statistic for the investment markets, the monthly employment announcement in the U.S., has been impressive. In February, there were 313,000 new jobs, way above forecasters’ advance estimates, the highest pick had been 230,000 and the average forecast had been 205,000. The unemployment rate has stayed at a low 4.1%, even though large numbers of people have decided to re-enter the stronger labour market, as there were enough jobs to absorb the new entrants.

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About Author

Peter Gee  is a Fund Analyst for Morningstar Australia

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