Asia preview: Australia threatened by recession?

Asian markets tomorrow will be heavily influenced by how the European and US markets start the week. If we see weakness in the property price index, it could be indicating that the top of the housing market in Australia has happened. 

Housing and property growth could continue to decline in the coming months and IG analyst Angus Nicholson believes Australia could be threatened with the first recession since 1991. 

Trade now

Live ASX 200 | EUR/USD prices

The information on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG Bank S.A. accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it and as such is considered to be a marketing communication.