Weekly economic and market update – week ending 23 February, 2024

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Investment markets and key developments Global shares surged in the past week to new record highs in the US, Europe and Japan, helped in particular by enthusiasm for Artificial Intelligence... Read more continue reading

Weekly economic and market update – week ending 16 February, 2024

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Investment markets and key developments Despite a mid-week swoon on the back of hotter than expected US inflation data, global share markets mostly rose over the past week helped by... Read more continue reading

Investment outlook Q&A – recession risks, rates and inflation, valuations, geopolitics, the US election and Swiftonomics

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Key points Rate hikes have worked in helping slow inflation and rate cuts are likely this year. Expect a bumpy ride though. The risk of recession remains high at around... Read more continue reading

US January consumer price index. Not there yet. Not even close?

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January’s US consumer price index (CPI) is a reminder that the challenges around the “last mile” in returning inflation to target are daunting. I suspect that the Federal Reserve (Fed)... Read more continue reading

Weekly economic and market update – week ending 9 February, 2024

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Investment markets and key developments Global share markets rose over the last week. US shares rose to new record high supported by ongoing confidence in a “goldilocks” landing for the... Read more continue reading

Interest rate cuts to support infrastructure assets in 2024

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Central bank interest rate cuts are a tailwind for infrastructure assets, especially parts of the utility sector which has been hard hit by the sharp rise in interest rates, according... Read more continue reading

Five problems with the Australian tax system – and the changes to Stage 3

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Key points The Australian Government’s changes to the Stage 3 tax cuts have refocussed attention on the need for tax reform. The Australian tax system has five key problems: it’s... Read more continue reading

Weekly economic and market update – week ending February, 2023

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Investment markets and key developments Share markets mostly rose over the last week helped by good economic data, solid US earnings results and ongoing signs that central banks are moving... Read more continue reading

Phlegmatic Fed

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As was widely anticipated, the US Federal Reserve’s (Fed) Federal Open Markets Committee (FOMC) opted to eschew any adjustment in the policy rate at the conclusion of its meeting on... Read more continue reading

Australian December retail sales much weaker than expected after Black Friday boost was reversed.

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Key points Australia monthly retail turnover declined 2.7% in December, more than reversing the 1.6% rise in November. The fall was concentrated in discretionary spending items more than reversing their... Read more continue reading