ASX tipped to hit 8300 by year-end defying rate talk

Australia’s sharemarket is expected to climb past 8000 points for the first time by the end of the year, spurred on by economic growth that continues to defy the expectations of investors and strategists.

UBS, RBC Capital Markets, VanEck and Betashares have all turned more positive on the outlook for the S&P/ASX 200 Index, despite markets pushing out interest rate cut expectations to early next year.