Why NOW is good time to buy shares ahead of a 'perfect storm for the Aussie market' in the New Year - with one well-known brand undervalued by a staggering 28%
Australia's share market is set to reach an all-time high by early 2021 despite the coronavirus recession. The S&P/ASX200 and the broader All Ordinaries index reached new nine-month highs on Wednesday afternoon after Oxford University and AstraZeneca announced they had a vaccine that was up to 90 per cent effective and could be stored safely in a standard fridge. The news had also pushed the American Dow Jones Industrial Average above the 30,000 mark for the first time ever during overnight trade. IG market analyst Kyle Rodda said the Australian market was likely to reach an all-time high in March 2021 as a vaccine led to a reopening of borders. Australia's share market is set to reach an all-time high by early 2021 despite the coronavirus recession. The S&P/ASX200 and the broader All Ordinaries index reached new nine-month highs on Wednesday morning after Oxford University and AstraZeneca announced they had a vaccine that was up to 90 per cent effective and could be s