CommSec Research: slide in jobs confirms labour market quagmire

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Employment fell by 9,700 people in August. Economists had tipped job gains of around 10,000. The July result was revised to show job losses of 4,100 (previously job losses of... Read more continue reading

CommSec Research:economy struggles outside the mining sector

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The latest batch of data shows that the Australian economy is treading water at present, especially outside of the mining sector. Firms are reluctant to hire, economy-wide profits are barely... Read more continue reading

Housing market trends: Australian homes largest in world

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New data confirms that Australia is still building the largest homes in the world. Data commissioned from the Australian Bureau of Statistics by CommSec shows that the average floor area... Read more continue reading

The sharemarket panic – what happened to the global recovery?

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After the events of the last few weeks it’s easy to be bearish. After plunging nearly 20% from their highs earlier this year to the lows last week, global share... Read more continue reading

Market downturn could persist for another one to three months – BNY Mellon Asset Management

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The current market downturn sweeping the United States and Europe is expected to persist for another one to three months and will not be as bad the 2008 financial crisis,... Read more continue reading

RBA warns of new challenges

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If there is any doubt that the Reserve Bank is not forward looking, it certainly has been put to rest. The latest Reserve Bank minutes reveal that policymakers have attempted... Read more continue reading

History: US credit rating downgrade

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Credit ratings agency, Standard & Poor’s, has downgraded the long-term credit rating of the US from AAA to AA+. What does it all mean? It is a history-making event, but... Read more continue reading

Sharemarket crash trumps Reserve Bank forecasts

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The Reserve Bank has changed its interest rate assumptions, now expecting no change in rates over the next two years: “The cash rate is assumed to be unchanged over the... Read more continue reading

Reserve Bank employs a ‘jawboning’ strategy

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The Reserve Bank Board has left the cash rate at 4.75 per cent for the ninth straight month (covering eight formal meetings) – the most stable period for rates in... Read more continue reading

Weekly economic and market report

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Weekly economic and market report for week commencing 17 July 2011 Headline developments of the past week European debt problems took centre stage yet again over the last week. Until... Read more continue reading