Australia’s stock market rebounds by 21 per cent

The Switzer Report Founder Peter Switzer says Australia’s stock market is showing signs of an early bounce back because the country has “chopped the coronavirus problem in half”. “If you think about it, two months ago when the bad news was coming through and the Prime Minister was talking about hibernating for six months, we had no idea how bad it could be,” he said. “We saw predictions that death rates could get into the millions, and clearly the success, particularly in Australia, has surprised so many so called experts. “We’re two months in to the containment policies and there’s a very good chance that by June there’s going to be a lot of normal activity coming back to the Aussie economy. “The stock market fell by 37, 38 per cent and has now rebounded by 21 per cent, so the problem has been cut in half”. Image: Getty

from National | Daily Telegraph https://ift.tt/2YsFFJL