The Australian share market has climbed to its highest level in almost 12 years, since before the global financial crisis., which raised the likelihood that the Reserve Bank may announce an interest cut in the next few months.This also lowered the Australian dollar by almost a per cent to 70.35 US cents by 12:15pm, which boosted export-exposed companies on the ASX.on Tuesday due to stronger-than-expected corporate earnings from major US companies.
Mr Deese, who is based in the United States, told the ABC's PM program that BlackRock is positioning itself"defensively" — which is market speak for building a kind of investment fort. Mr Deese worked in the White House, under former President Barack Obama, as a senior advisor for climate and energy policy, helping to negotiate the Paris Climate Agreement.
He describes the positive returns investment firms are already receiving from their so-called green investments as a"mega-trend".