In the first edition of the morning mail for this week, Philip Anglin discusses investment markets with Evans & Partners’ Chief Investment Officer Mike Hawkins.
Following the interest rate cut last week, Mike reiterates his expectation that Australian interest rates will continue to be lowered by the Reserve Bank with a weaker Australian Dollar being an implicite objective. Mike mentions some of the beneficiaries of a lower Australian dollar, including ASX listed companies with a high percentage of overseas earnings and investments in unhedged global assets.
Mike then discusses the week ahead, including important data out of China. Mike advises clients to continue to monitor their bulk commodity exposure and weighting of resource companies in their portfolio.
