It’s QE4 or bust for miners

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There are lots of value analyses floating around today hoping for an end to the commodity bear market. Some are about more foreign buyers arriving in Australian shares, from Deutsche via The Australian:

foreign-equity-buyers-sept-10-dbInternational buyers jumped back into Australian equities in the last quarter, according to Deutsche Bank research, with US and Japanese investors, in particular, pushing the market higher.

“Foreign investors remain steady buyers of Australian equities (average of ~$10bn per quarter over the past 3 years), DB strategist Tim Baker said in a note this morning.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.