Market and economic review Positive developments in both trade and Brexit result in a strong week for equities Despite last week beginning with a series of negative headlines around the US-China trade war, the outcome of the planned talks between President Trump and Chinese Vice Premier Liu He gained positive momentum as the week progressed. […]
continue readingData released by SQM Research yesterday has revealed the national residential vacancy rate edged lower to 2.1% in September 2019, down from 2.2% in August, with the number of vacancies dropping in most cities. The number of vacancies Australia-wide sat at 71,404 properties. Sydney’s vacancy rate dropped to 3.2% in from 3.4% in August with […]
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16
Oct
2019
Investment markets and key developments over the past week Investment markets were whipsawed over the past week by conflicting reports regarding prospects for the latest US/China face to face trade talks in Washington on Thursday and Friday, with optimism prevailing later in the week. US shares still fell but Eurozone, Japanese and Chinese shares all […]
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14
Oct
2019
Insurers remain positive about the short-term investment outlook and do not see a global recession coming before 2022, according to new research from BlackRock on insurers’ investment portfolios. Despite their optimistic economic outlook, Asia Pacific insurers’ allocation to risk has been tempered slightly relative to 2018, in part due to evolving regulatory landscape. As a […]
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14
Oct
2019
Market and economic review US data disappoints markets The US ISM non-manufacturing print was much weaker than expected at 52.6 (55.0 expected), the lowest level since August 2016. Meanwhile, the manufacturing print fell to 47.8, the lowest in a decade and well below the expected 50.0 reading. US non-farm payrolls came in at 136,000 (versus […]
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09
Oct
2019
Investment markets and key developments over the past week Global share markets fell again over the last week on the back of increasing concerns about US and global growth after another fall in the US manufacturing conditions ISM index. Global growth fears also weighed on the Australian share market with all sectors in the red […]
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08
Oct
2019
Principal Global Investors has released its Economic Insights for the month of September. Writing in the note to investors, Chief Global Economist, Dr Bob Baur, said that the world economic slowdown refuses to fade, however, economic momentum feels better. The tug-of-war “For some months, the world economy has seemed at a crossroads. With industrial activity stagnating, confidence downcast, […]
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04
Oct
2019
Market and economic review Markets had a lot to digest last week ranging from a variety of data releases, political challenges and trade war developments. Once consumed, developed market equities were broadly flat and emerging market equities were down 1-2%. Government bond yields tightened while the riskier end of the fixed income spectrum posted small […]
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01
Oct
2019
Legg Mason’s affiliate Martin Currie says that despite the ‘green shoots’ in consumer spending leading into the recent reporting season and company results being broadly in-line with expectations, the EPS revisions by brokers post-results had the worst ratio of downgrades to upgrades in over 10 years[1]. Martin Currie Australia’s Chief Investment Officer, Reece Birtles notes: “The ‘green shoots’ […]
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01
Oct
2019
Investment markets and key developments over the past week Share markets fell over the last week on the back geopolitical concerns with Democrats opening an impeachment inquiry into President Trump, ongoing trade war uncertainties and more Brexit mayhem at the same time that global business conditions PMIs remained soft. Australian shares were dragged lower by […]
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30
Sep
2019
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