Petrol prices hit 24-week highs

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Weekly Petrol Prices Weekly Petrol Price: According to the Australian Institute of Petroleum, the national average price of unleaded petrol rose by 5.5 cents in the past week to 150.0 cents a litre – the highest level since early November. The petrol figures have implications for retailers, especially petrol marketing groups. What does it all […]

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Superannuation facing grim financial year as markets flatten

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Despite a recovery in the March quarter, superannuation funds are heading for a disappointing 2018-19 financial year, with global growth challenges and a loss of market momentum meaning funds will struggle to make up for sharp losses in the December quarter. According to estimates from leading superannuation research house SuperRatings, balanced option returns were largely […]

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Financial markets and Federal elections

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Financial market events In the past seven elections, both the Australian dollar and the Australian sharemarket have risen in the three weeks following poll day. The Australian dollar has lifted 2.3 per cent against the US dollar in the past seven elections. The All Ordinaries index has risen by 2.6 per cent in the three […]

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Petrol price eases; Mixed signals on job hiring

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Weekly Petrol Prices; ANZ Job Ads Weekly Petrol Price: According to the Australian Institute of Petroleum, the national average price of unleaded petrol fell by 2.1 cents in the past week to 141.0 cents a litre. Job advertisements: ANZ job advertisements fell for the fifth straight month, down by 1.7 per cent in March after […]

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Weekly market update – week ending 5 April, 2019

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Investment markets and key developments over the past week Share markets pushed higher over the last week helped by more “green shoots” pointing to improving global growth this year, including Chinese business conditions PMIs & the US ISM index and a stabilisation in Eurozone composite PMIs, and more indications that the US and China are […]

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Gender pay gap persists globally, with large-scale economic and social implications

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The oft-cited statistic that women earn approximately 80 cents for every dollar men earn still holds true in the U.S. [1] But what do the statistics mean? Behind the numbers lie far-reaching implications about women’s ability to build wealth and afford a secure retirement, as well as the societal norms that may perpetuate the cycle. […]

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US chasing Australia on economic expansion, says Principal

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Principal’s Chief Global Economist, Dr Bob Baur, looks at how global markets fared in March. World economic outlook: green shoots “Stock markets plunged in December as evidence began to accumulate that a recession might be around the corner. Growth in China slowed significantly throughout 2018 and the fourth quarter rebounds in Europe and Japan were […]

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Dead cat bounce: Credit Quarterly Outlook Q2 2019

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Key highlights: Global debt is near cyclical highs Despite weaker than expected data, markets rallied – a typical bear market rally The bar to cutting rates is low, with central banks desperate to avoid a recession Corporate margins are under pressure, an earnings recession in the making. The Q1 2019 rally looks increasingly like a […]

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Budget surplus to drive consumption

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The Federal budget is expected to be in surplus for the first time since just prior to the global financial crisis in 2008. Economic forecasters are suggesting a surplus level of around A$15 billion. Ahead of today’s Federal budget, Reece Birtles, Chief Investment Officer, Martin Currie Australia, a Legg Mason Affiliate, says: “The Australian economy […]

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Aussie shares outperform property

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Home prices; Manufacturing Home prices: The CoreLogic Home Value Index of national home prices fell by 0.6 per cent in March – the smallest decline since October – to be down 6.9 per cent over the year. Prices fell in all capital cities except Hobart (up 0.6 per cent) and Canberra (flat). Regional prices fell […]

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