Salient to Investors:
Shane Oliver at AMP Capital Investors said economic data looks OK and has been supporting the share market, but we will have to see a resolution of the fiscal cliff for the rally to continue.
The MXAP trades at 14.2 x estimated earnings versus 13.6 x for the S&P 500 and 12.6 x for the Stoxx Europe 600 .
Tim Leung at IG Investment said urbanization is not new, but people will probably be focusing on that trend. Leung sees much benefit from urbanization, like infrastructure spending.