Australian shares: ASX faces bear market on dimming outlook, warns T.Rowe Price - The Australian Financial Review

Markets are not pricing in looming earnings downgrades caused by central bank tightening in response to surging inflation, T. Rowe Price’s Randal Jenneke says.

The Australian market has entered a period that will be dominated by earnings downgrades, according to Mr Jenneke, who expects the benchmark index to drop 10 per cent to 15 per cent over the next six… [+2875 chars]

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