Australian stock market to improve in 2014: UBS

UBS anticipates the Australian stockmarket will improve in 2014 as the lower Australian dollar and interest rates begin to have a positive impact and business confidence improves post the federal election.

UBS anticipates the Australian stockmarket will improve in 2014 as the lower Australian dollar and interest rates begin to have a positive impact and business confidence lifts post the federal election.

The investment bank thinks the Australian market currently offers good value based on price-earnings multiples and forecasts earnings per share (EPS) growth in the next financial year to be between 6-7%, against the market estimate of 10%.

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