Investment markets and key developments over the past week Global share markets fell again over the last week on concerns about rising coronavirus cases, tightening social distancing restrictions in Europe and the lack of progress towards additional fiscal stimulus in the US. Australian shares managed a decent gain through the week with banks boosted by... Read more continue reading
28
Sep
2020
Key points The Australian Federal budget next month will likely see a further blow out in the budget deficit due to the ongoing hit to tax revenue & more stimulus. We expect an “eye popping” 2020-21 deficit of around $230bn. Stepped up economic reforms will help grow the economy but are unlikely to drive a... Read more continue reading
23
Sep
2020
Investment markets and key developments over the past week Share markets mostly rose slightly over the last week after two weeks of falls helped by reasonable economic data, anticipation of Fed dovishness, positive vaccine news and M&A activity. However, some of the gains were given up later in the week as tech stocks came under... Read more continue reading
21
Sep
2020
Weekly Petrol Prices Fuel prices: According to the Australian Institute of Petroleum, the national average price of unleaded petrol fell by 5.5 cents last week to 124.2 cents a litre. Fuel Policy: The Federal Government has announced a $211 million investment in building new domestic fuel storage. Overseas travel: In August there were 60,860 overseas... Read more continue reading
15
Sep
2020
Weekly Petrol Prices; Job advertisements; Credit/debit cards; Services activity Fuel prices: According to the Australian Institute of Petroleum, the national average price of unleaded petrol rose by 7.2 cents last week – the most in 12 weeks – to 6-month highs of 129.7 cents a litre. East Coast petrol prices: Average daily unleaded retail petrol prices... Read more continue reading
08
Sep
2020
Australian GDP fell by 7% in the June quarter, which was worse than the latest market expectations (the economist consensus was for a 6% decline), but better than had been expected around April when many were forecasting a 10% or so decline. This is the worst quarterly GDP decline on record (the quarterly data only... Read more continue reading
03
Sep
2020
Market review A dovish monetary policy shift by the US Federal Reserve (Fed), with an elevated focus on full employment and shift towards a 2% average inflation target, buoyed risk appetite. Equity markets were firmer, while credit markets continued to perform as investors searched for yield. Increasing supply of government debt and a loosening in... Read more continue reading
03
Sep
2020
Investment markets and key developments over the past week Global share markets rose over the past week helped by continuing signs of economic recovery, positive coronavirus vaccine and treatment news and anticipation of the Fed’s shift to inflation average targeting. Australian shares fell slightly though over the past week reflecting poor earnings results with weakness... Read more continue reading
31
Aug
2020
Business investment Business investment: New business investment (spending on buildings and equipment) fell by 5.9 per cent in the June quarter to be down by 11.5 per cent over the year. Economists had tipped an 8.2 per cent fall in the quarter. In 2019/20, real investment totalled $111.4 billion, down by 6.5 per cent on... Read more continue reading
28
Aug
2020
Detailed labour force estimates; Chinese data Highest jobless rates: Mandurah in Western Australia had the highest jobless rate across Australia in July at 18 per cent. Unemployment rates are also high in Wide Bay, Queensland (17 per cent), Melbourne’s North-West (12.6 per cent) and Coffs Harbour-Grafton, NSW (11.6 per cent). Queensland has the highest unemployment... Read more continue reading
21
Aug
2020
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