Firm growth in spending across the nation

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Commonwealth Bank Business Sales Index Economy-wide spending posted firm growth in June according to the Commonwealth Bank Business Sales Indicator (BSI). In trend terms the BSI lifted by 0.7 per... Read more continue reading

It’s Official – The New Neutral Arrives Down Under

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It was way back in May 2013 when PIMCO first uttered the phrase “The New Neutral” in relation to Australia’s cash rate. At that time, we estimated the “New Neutral”... Read more continue reading

Chinese economic data beat forecasts

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Chinese economic data; Petrol prices Chinese economic data: The Chinese economy grew at a 6.9 per cent annual pace in the June quarter, above forecasts (+6.8 per cent). The economy... Read more continue reading

Global snapshot – July 2017

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The Janus Henderson Global Snapshot explores the themes and trends to watch across key global markets. Market drivers Australia: Off to a soggy start Poor weather was a factor behind GDP... Read more continue reading

An update on how the Australian economy looks on a per capita basis

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Strong population growth continues to boost Australia’s aggregate growth rates which paint a more positive picture on the economy than what most households are experiencing. Per capita measures on the... Read more continue reading

Australia’s long-term outlook is less rosy: PIMCO

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After 25 years of steady economic growth, Australia is on the verge of wresting bragging rights from the Netherlands for the longest period on record without a recession. While this... Read more continue reading

Best business conditions in almost a decade

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Housing Finance; NAB Business survey; Consumer Sentiment Business survey: The NAB business conditions index rose from +10.9 points to a 9½-year high of +15.1 points in June. The business confidence... Read more continue reading

Petrol near 9-month lows; Tame China inflation

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Petrol prices; China inflation data Petrol: According to the Australian Institute of Petroleum, the national average Australian price of unleaded petrol rose by 0.1 cents to 120.1 cents a litre... Read more continue reading

Weekly market update – week ending 7 July, 2017

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Investment markets and key developments over the past week Global share markets were messy again over the last week as bond yields backed up further continuing the latest “taper tantrum”... Read more continue reading

From goldilocks to taper tantrum 2.0 – a bit of turbulence hits bonds (and shares) – three reasons not to be too fussed

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Key points Central banks beyond the US are edging towards an exit from easy money. This is likely to cause bouts of volatility in shares and a rising trend in... Read more continue reading