Business survey; Consumer confidence Business confidence: The NAB business confidence index rose from 20-month lows of +5.6 points in June to +6.6 points in July. The long-term average is +6.0 points. Business conditions: The NAB business conditions index eased from a downwardly-revised +14.1 points (previously +15.0 points) in June to +12.4 points in July. The long-term average […]
continue readingDave Lafferty, Chief Market Strategist at Natixis Investment Managers examines why a “recession is imminent”… A Recession is Coming Economic forecasting is a tough business, not to mention incredibly imprecise. However, we can say with nearly 100% certainty that a US (and/or global) recession is coming – at some point. For investors, of course, the […]
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15
Aug
2018
Investment markets and key developments over the past week Share markets mostly rose over the last week as economic and profit news was mostly favourable and there was nothing really new on the trade war front. Bond yields generally fell slightly but there wasn’t a lot in it. Commodity prices were mixed with oil down, […]
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13
Aug
2018
Figures released yesterday by SQM Research reveal national residential listings dropped 5.2% in July 2018 to 314,229, with drops in all capital cities after only four weekends falling during the month. Some sellers vacated the market, escaping the cold for warmer locations during the school holidays. Property listings fell by 6.9% in Sydney, though they […]
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08
Aug
2018
In the wake of Facebook’s plummeting share price, there has been much talk of the so-called FAANG shares and their earnings performance. But investors should not be misled by the market’s bucket mentality, which has a tendency to group together certain stocks, often for superficial reasons. The recent round of earnings announcements shows that the […]
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08
Aug
2018
Outlook : US re-imposes tariffs on Iran and Chinese trade data in be in focus, along with US CPI Trade tensions and tariffs should remain in focus next week and the first phase of the restoration of US economic sanctions on Iran are scheduled to kick in. Keeping with the trade theme, on Wednesday we […]
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07
Aug
2018
Weekly petrol prices; Job advertisements Unleaded petrol: According to the Australian Institute of Petroleum, the national average Australian price of unleaded petrol fell by 4.6 cents to 142.1 cents a litre in the past week – the fifth decline in the past six weeks – and the biggest weekly fall in two years. Job advertisements: ANZ job […]
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07
Aug
2018
Investment markets and key developments over the past week While US shares rose over the last week helped by strong earnings results and a bounce back in tech stocks, European, Japanese, Chinese and Australian shares fell as trade war fears continue to escalate. Despite this bond yields rose. Commodity prices were mixed with oil and […]
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06
Aug
2018
International trade Trade surplus: The trade surplus rose from $725 million in May (previously $827 million) to $1,873 million in June. It was the 11th surplus in 13 months. Net exports: Net exports (exports less imports) is expected to add 0.1 percentage point to economic growth in the June quarter. Trade with the US: US exports and imports […]
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06
Aug
2018
Central bank meetings, US employment report and global inflation data mark a busy week It is a busy week for both data and central banks next week, with the BoJ, Federal Reserve (Fed) and Bank of England (BoE) all meeting. The BoJ meeting on Tuesday will warrant greater attention than has been the case for […]
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31
Jul
2018
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CPD: Australia, the lucky country (or is it?)Has Australia dodged another recession bullet? Since 2012, one of Australia’s biggest economic threats has been the collapse in mining...
CPD: Australian housing – Still waiting for the declineOver the past five years, multiple forecasters have called the decline of Australian housing only to see prices continue moving...
CPD: Global oil - the recovery continuesThe market is currently positioned with expectations for higher crude oil prices – as evidenced by net positioning in the...
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