Consumer spirits lift; Global optimism

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Consumer sentiment; Global economy; CBA Household spending intentions Consumer confidence: The weekly ANZ-Roy Morgan consumer confidence rating rose by 1.0 point (0.9 per cent) to 108.3 – the highest reading since early December. But sentiment remains below both the average of 114.2 points held since 2014 and the longer term average of 113.1 points since […]

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Insight Multi-Asset update – week beginning 20 January, 2020

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Market and economic review The signing of the ‘phase one’ deal between the US and China, constructive data releases and positive earnings stories for US banks buoyed global equities last week. Government bond yields were broadly flat, with the exception of UK gilts which tightened meaningfully owing to members of the Monetary Policy Committee (MPC) […]

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Economic optimism supports petrol prices

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Petrol Prices Petrol prices: According to the Australian Institute of Petroleum, the weekly national average price of unleaded petrol rose by 6.4 cents to 154.4 cents a litre. After the rise of 5.9 cents in the prior week, petrol has recorded the biggest back-to-back gain in 10 months. The petrol figures have implications for retailers, […]

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Chinese economy ends 2019 on a positive note

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Chinese economic data Chinese economic growth: The Chinese economy grew at a 6.0 per cent annual rate in the year to December (forecast 6.0 per cent). Over 2019 the Chinese economy grew by 6.1 per cent – the slowest growth in 29 years. Chinese data (December): Retail sales rose at an 8.0 per cent annual […]

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A moderate rebound in market activity but a challenging road ahead

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Macroeconomic overview Recent data points towards a moderate rebound in activity. Consumption has remained strong, the labour market is holding up at historical low unemployment levels, the housing market is starting to tick up and the manufacturing sector should benefit from the US/China trade truce. Europe has been surprising on the upside; Germany has continued to […]

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Super funds face a high bar in 2020

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Super members have every reason to be optimistic about 2020, but when it comes to a repeat of 2019’s double-digit returns, it would be wise to temper expectations. According to estimates from leading research house SuperRatings, 2019 was the best year for superannuation funds since 2013, with the median balanced option returning 13.8%. Despite a […]

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Record sharemarket lifts consumer spirits

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Consumer sentiment Consumer confidence: The weekly ANZ-Roy Morgan consumer confidence rating rose by 1.1 points (1 per cent) to 107.3 – the first lift since early December. Sentiment remains below both the average of 114.2 points held since 2014 and the longer term average of 113.1 points since 1990. The consumer confidence figures have implications […]

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Insight Multi-Asset update – week beginning 13 January, 2020

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Market and economic review Despite geopolitical tensions rising and a weak ISM print, 2020 has seen a strong start for risk assets. After the US-led assassination of Iranian Major General Qasem Soleimani, and the subsequent response from Iran, tensions seemed to calm with a speech from the US President Donald Trump. Whilst the market focused […]

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Weekly market update – week ending 10 January, 2020

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Investment markets and key developments over the past week After a bit of uncertainty and volatility early in the past week, share markets pushed sharply higher as the US and Iran appeared to step back from escalating their conflict. This saw US shares push to a new record high rising 0.9% over the week, with […]

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Year in review – Year in preview

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Economic and financial perspectives Record expansion: Australia’s record economic expansion is now in its 29th year. Interest rates have fallen to fresh record lows; wages are growing near 2.2 per cent; underlying inflation is around 1.6 per cent; the jobless rate is 5.3 per cent. Good year for shares: Total returns on Australian shares (All […]

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