Investment markets and key developments over the past week While the US S&P 500 fell slightly over the last week on the back of rising new coronavirus cases and tightening restrictions in the US, other major global share markets rose helped by good vaccine news. Australian shares continued to recover with hopes that quick action... Read more continue reading
23
Nov
2020
Equity markets appear to have convinced themselves that a Biden Presidency with a Democratic House and a Republican Senate is a ‘goldilocks’ scenario. Certainly, encouraging news on the vaccine front has been important in the recent equity ebullience pushing negative news on a second wave of increasing magnitude into the background. But that second wave... Read more continue reading
20
Nov
2020
Labour Force Employment rose by 178,800 in October (survey forecast: -27,500) after falling by an upwardly-revised 42,500 jobs in September (previously reported as a 29,500 fall in jobs). Full-time jobs rose by 97,000 and part-time jobs rose by 81,800. The unemployment rate rose from 6.9 per cent to 7.0 per cent in October (survey forecast:... Read more continue reading
20
Nov
2020
Key points Australia continues to perform better in “controlling” coronavirus, it has a stronger economic support policy response, its major trading partners in Asia are in better shape, the drag from the mining bust is over and it should benefit from a cyclical global recovery in 2021. This is likely to result in a stronger... Read more continue reading
19
Nov
2020
Investment markets and key developments over the past week Global share markets rose further over the last week helped by positive news regarding a vaccine for coronavirus but gains were reduced later in the week by rising US coronavirus cases and the threat this posed to the economy with no progress on more fiscal stimulus.... Read more continue reading
16
Nov
2020
Investment markets and key developments over the past week Global share markets rebounded over the last week as a resolution of the US election came into sight offering more fiscal stimulus, less trade wars and likely avoiding US tax hikes. While the rebound in shares may be surprising given that the election is not fully... Read more continue reading
09
Nov
2020
CommSec Home Size Trends Report Australia is again building the biggest houses in the world. Data commissioned by CommSec from the Australian Bureau of Statistics, shows the average new house built in 2019/20 was 235.8 square metres, up 2.9 per cent on the year and the biggest increase in 11 years. US houses built over... Read more continue reading
09
Nov
2020
As many predicted, we find ourselves in an unsettled situation as election officials nationwide count votes in the contentious U.S. presidential election. Reminiscent of 2016, the closeness of the count defies polling that showed Democratic challenger Joe Biden ahead of incumbent President Donald Trump coming into Election Day. Control of Congress also hangs in the... Read more continue reading
06
Nov
2020
Retail trade Retail trade: Retail trade fell by 1.1 per cent in September (survey forecast: -1.5 per cent). In real (inflation-adjusted) terms, retail trade rose by 6.5 per cent in the September quarter (survey forecast: +6.0 per cent). Retail prices: Prices at retail stores rose 0.5 per cent in the September quarter to be up... Read more continue reading
06
Nov
2020
Petrol Prices; Job advertisements; Inflation; Used car prices Fuel prices: The national average price of unleaded petrol fell by 3.8 cents to 119.8 cents a litre (c/l) last week according to the Australian Institute of Petroleum. Metropolitan prices fell by 5.5 cents to 119.9c/l with regional prices down by 0.3 cents to 119.5c/l. East Coast... Read more continue reading
03
Nov
2020
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