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Stock market nears record highs

The Australian stock market has reached near record highs amid predictions the US-China trade war could come to an end.

The ASX 200 Index advanced 1.1 per cent, to 6640.2, 200 points shy of the 2007 all-time high.

Investors Mutual founder Anton Tagliaferro discusses with Ross Greenwood the effect on the economy.

“It is now a matter of share prices are moving ahead of the earnings of many companies.”

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Westpac Senior Currency Analyst Sean Callow tells Ross a lower Australian currency is a good thing for the economy.

“The Aussie dollar was one of the weakest currencies in the word in the GFC and that’s despite the Australian economy performing better than most during that period.

“The weakness of the Aussie [dollar] is so flexible… That flexibility is actually very helpful for Australia.”

Click PLAY to hear the full interview

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