When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
WBK - Westpac: Could There Be A Potential Rebound?
Westpac Banking Corporation
With property prices falling, and consumer spending (which accounts for approximately 60 percent of Australian GDP) also showing signs of weakness, Australia has technically fallen into a “per-capita recession”.
Over the past six months, we see that Westpac (WBK) – a major Australian banking firm – has significantly lagged behind the Australian S&P ASX 200 index:
Source: investing.com
It would appear that with rising interest rates in the United States, the Australian banking system as a whole has fallen out of favour.
In an article written on Westpac last year, another