Private sector credit (loans outstanding) rose by 0.2 per cent in March. Credit stands 3.2 per cent higher than a year ago but has grown at a 2.2 per cent annualised pace in the past six months – a 38-month low. What do the figures show? Private sector credit (lending) rose by 0.2 per cent [...]
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This edition of Oliver’s Insights looks at total debt outstanding across major countries to see how Australia compares. The key points are as follows: Australia has a low level of total debt compared to other major countries. But while public and corporate debt is low, one area of greater vulnerability is household debt. A chronic [...]
continue readingInternational trade; Performance of Services Australia’s trade surplus widened by $716 million to $2,333 million in May – a seven month high. Exports rose 3.2 per cent with imports up 0.4 per cent. The trade surplus with broader China (China and Hong Kong) has risen from $10.3 billion to $25 billion in the space of [...]
continue readingIn a speech by RBA Assistant Governor (Economic) Philip Lowe entitled “Inflation: The Recent Past and the Future”, Mr Lowe has reiterated that the RBA believes underlying inflation will lift only slowly, and over a matter of years rather than months. Philip Lowe didn’t flag any near-term implications for rates, noting: “While conditions are very [...]
continue readingLending finance; Credit & debit card statistics Lending slides again. Total lending finance fell for the third time in four months, dropping by 3.8 per cent in April to near 5-year lows. Lending is down 3.4 per cent over the year. In trend terms lending is at 8-month lows. The average credit card balance barely [...]
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Equities appear to have recovered their poise after the four-week correction from mid February to the lows around the time of the terrible events in Japan mid March. Markets have taken the ECB raising interest rates in their stride, perhaps because expectations for rate hikes in the UK and US have been pushed further out [...]
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Apr
2011
While Covered Bonds may offer an appealing funding option for banks and give investors alternatives, there are risks entailed, according to Tyndall’s latest research White Paper, “Are Covered Bonds the solution?” Click to open the White Paper on Domestic Covered Bonds
continue readingWhile Covered Bonds may offer an appealing funding option for banks and give investors alternatives, there are risks entailed, according to Tyndall’s latest research White Paper, “Are Covered Bonds the solution?” The suggestion to introduce domestic Covered Bonds was contained in the Federal Government’s proposals for a “Competitive and Sustainable Banking System”. The Federal Government [...]
continue readingUpcoming economic and financial market events x The big picture Aussie businesses have to cope with a lot. The global environment has been far from stable in recent years, what with the financial crisis, geopolitical problems in North Africa and the Middle East and rising cost pressures, such as the lift in oil prices. Then there has [...]
continue readingAs a result of growth in demand for specialised equity research, Lonsec has added another resource to its Equity Research team. x Nicholas Yaxley joined Lonsec in March 2011 to focus on researching listed fixed interest and hybrid securities. x Nicholas previously held the position of Investment Analyst at Black Swan Capital Partners. In this role he was [...]
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