Key points:
Worries about the global growth outlook weighed on share market returns over the last fi nancial year. Australian shares additionally suffered under the impact of high interest rates, the strong Australian dollar (A$) and concerns about China.
While the macroeconomic environment will remain one of constrained and volatile returns, a lot of bad news is already factored into shares and some of the drags on the performance of Australian shares are now reversing.
2012_July_10 – Olivers Insights_Market outlook after a rough financial year
