Confidence up; Car sales near record highs

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Reserve Bank Board minutes: Weekly consumer confidence; Car sales Consumer sentiment: The weekly ANZ/Roy Morgan consumer confidence rating rose by 0.6 per cent last week to stand 0.6 per cent... Read more continue reading

Weekly market update – week ending 14 August, 2015

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Investment markets and key developments over the past week The past week was volatile as investment markets reacted to China’s move to devalue the Renminbi and make its determination more... Read more continue reading

RBA’s Kent on the labour market

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Kent reiterates the RBA’s view that the unemployment rate should be “little changed from recent levels over the next 18 months”. The labour market has been “adjusting more smoothly over... Read more continue reading

How far through the mining jobs decline are we?

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The RBA estimates that mining construction related job losses will total 90K from the mining capex peak (end 2012) to trough (end 2018). On our calculations, we are around 20%... Read more continue reading

Australian consumer confidence up, but wages growth remains at a record low

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Consumer confidence rose 7.8% in August, more than reversing the hit from the Chinese and Greek turmoil last month. However, at an index reading of 99.5 it remains below its... Read more continue reading

Weekly market report – week ending 7 August, 2015

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Investment markets and key developments over the past week It’s been a mixed week for shares with Eurozone and Japanese shares up, but US shares pulling back on some earnings... Read more continue reading

Indonesia’s fiscal performance set to improve

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Indonesia’s decision to scrap domestic fuel subsidies and use the savings for needy infrastructure projects marks a big step forward for the country’s fiscal health. It not only lessens the... Read more continue reading

Strongest job gains in seven years

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Labour force Jobs growth: Employment rose by 38,500 in July after rising by a revised 7,000 in June (previously estimated at a 7,300 rise in jobs). Full-time jobs rose by... Read more continue reading

New vehicle sales soar to record highs

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New vehicle sales Record vehicle sales: According to the Federal Chamber of Automotive Industries (FCAI), 92,308 new vehicles were sold in July, the biggest July result on record and up... Read more continue reading

Five reasons why the RBA will probably cut interest rates again

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Key points As expected the RBA left interest rates on hold. While it’s a close call, chances are that the RBA will cut rates again before year end reflecting the... Read more continue reading