Weekly market update – week ending 3 April, 2020

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Investment markets and key developments over the past week Coronavirus concerns continued to create volatility in investment markets over the past week, but the good news is that it remains both up and down volatility on a day to day basis as opposed to straight down as was the case up until a couple of […]

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Fastest growth in apartment prices in 4 years – Food and beverages demand lifts Aussie manufacturing

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Home prices; Manufacturing Home prices: The CoreLogic Home Value Index of national home prices rose by 0.7 per cent in March to be up 7.5 per cent on the year. Capital city home prices also rose by 0.7 per cent (up 8.9 per cent on the year). House and apartment prices rose by 0.7 per […]

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Chinese manufacturing activity hits 2½-year high – strongest business credit growth in 2½ years

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Consumer confidence; Private sector credit; New home sales; China data Consumer confidence: The weekly ANZ-Roy Morgan consumer confidence rating fell by 9.6 per cent to a record low of 65.3 points – the lowest reading since the survey began in 1973. Lending: Private sector credit (effectively outstanding loans) rose by 0.4 per cent in February […]

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Singapore gasoline prices hit 18-year low – wholesale petrol prices fall to 16-year lows

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Weekly petrol prices Petrol prices: According to the Australian Institute of Petroleum, the national average price of unleaded petrol fell by 3.5 cents to a 13-month low of 127.6 cents a litre last week. The metropolitan price fell by 3.4 cents to 126.8 cents a litre and the regional price was down 3.8 cents to […]

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Weekly market update – week ending 25 March, 2020

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Investment markets and key developments over the past week After 30% plus falls from their highs earlier this year, share markets had a welcome rebound over the last week. While the number of coronavirus cases continues to soar and economic data beyond China is now starting to show the huge impact from the shutdowns, share […]

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Insight Investment analysis says three things to watch amid painful GDP contractions

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As the world ramps up its response to the coronavirus crisis, with lockdowns and business closures gathering pace, Insight Investment has estimated the potential peak-to-trough impact to global GDP. Our main views are: GDP contractions around 15% peak-to-trough are likely in most economies including Australia. Fiscal and monetary policy responses will be key, but business […]

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Coronavirus pandemic: difficult tradeoffs

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Francis A. Scotland, Director of Global Macro Research at Brandywine Global, a Legg Mason Affiliate, discusses the Fed’s recent action and the prospects for improved sentiment as the U.S. and other nations look to “better balance the hard-trade-off between containment of COVID-19 and economic disruption as a result of this pandemic.” Events surrounding the pandemic continue to evolve […]

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Is coronavirus driving a recession, depression or an economic hit like no other? What does it mean for the bear market in shares?

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Key points Global share markets have fallen into a bear market, but whether this turns out to be long or short depends on how long the hit to the economy from coronavirus lasts. There are big differences between the current disruption to economic activity – which could be very deep in the short term – […]

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Pandemic lockdown drives recession and turmoil

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It hardly seems like a few of weeks ago that we were considering the imminent spread of COVID-19 outside of China and to the rest of the world. While the reaction of investors, households, corporates and governments was hard to predict, one thing that was predictable was the exponential growth in virus cases outside of […]

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Historic stimulus a welcome relief to mid-market businesses

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The Pitcher Partners network congratulates the federal government for legislating a comprehensive $189 billion economic stimulus package. These measures were announced in several tranches. Last week, the government announced a $17.6 billion package, alongside an additional $90 billion from the Reserve Bank of Australia, plus $15 billion to deliver easier access to finance. Over the […]

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