Australia’s market analysts have forecast steady growth for the domestic sharemarket in 2025, despite looming uncertainties hanging over the next 12 months.
Australian market watchers have raised concerns over what another Trump administration and an uncertain Chinese economy could mean for the local bourse next year as markets come off a prosperous 2024.
Among the best performers was the finance sector – which grew 30 per cent in the past year and was spurred on by Commonwealth Bank – and the IT sector, which enjoyed significant gains as artificial intelligence demand surged. Some of Trump’s policies – including new trade tariffs – spell trouble for global markets. IG market analyst Tony Sycamore said that Trump’s immediate actions following his inauguration would be “very important” for the health of the Australian sharemarket.
AMP chief economist Shane Oliver said the Australian dollar could face a “rough ride” under Trump, though he noted that lower spending in the US could put upward pressure on the Aussie dollar.
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