Consumer bonanza as import prices fall

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Import & export prices Prices of imported goods slumped by 3.8 per cent in the December quarter, driven largely by the appreciation of the Australian dollar. Import prices are 1.0 per cent lower than a year ago. Import prices were at record lows across a whole host of products including computers, mobile phones, leather & […]

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The implications of the floods for Australia

Key points Like the fires of two years ago the floods have wrought terrible tragedy in terms of loss of life and disruption to people’s lives. Beyond the human suffering there will also be significant implications for the Australian economy and investment markets. Expect the floods to knock around 1% (or $13bn on an annualised […]

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Investor Signposts: Week Beginning January 23 2011

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The big picture In general, investors find it an easy task to work out how the Australian sharemarket is performing. It is merely a case of looking at a benchmark index like the All Ordinaries or ASX 200 and then comparing it with similar benchmark indexes across the globe. But results of the past year […]

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Young workers miss out in job stakes

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Latest economic news There were fewer young Australians with jobs at the end of 2010 than a year earlier. Employment for those aged between 15-19 years actually fell by 6,100 in 2010 with the slump concentrated amongst women. The big winners in the job stakes in 2010 were senior Australians. Employment for those aged 65 […]

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China: Robust growth and inflation moderates

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Chinese economic data Chinese economic activity picked up pace in the last three months of the year. The Chinese economy grew at a 9.8 per cent annual rate in the December quarter (consensus 9.2 per cent) up from 9.6 per cent in the previous quarter. China’s industrial production also strengthened in December while the pace […]

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Floods disaster dents confidence

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Consumer sentiment The Westpac/Melbourne Institute index of consumer confidence fell sharply in the latest month as the flood disaster in Queensland impacted sentiment. The index fell by 5.7 per cent to 104.7 in December. Excluding Queensland, confidence levels fell 3.2 per cent. The January seasonal factors exacerbated the slide in confidence. In fact in original […]

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Floods: Weighing up the costs

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Economic impact of floods The east coast floods were caused by the La Niña weather event. La Niña will continue until at least March. El Niño and La Niña are regular climactic events and there has been no discernible change in their severity or regularity in recent years. The forerunner of today’s Bureau of Infrastructure, […]

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State of the States

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State & territory economic performance report How are Australia’s states and territories performing? CommSec has attempted to find out by analysing eight key indicators: economic growth; retail spending; equipment investment; unemployment, construction work done; population growth; housing finance and dwelling commencements. Just as the Reserve Bank uses decade averages to determine the level of “normal” […]

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AMP Capital welcomes new Australian equities appointments

AMP Capital Investors has appointed several equity investment professionals, bringing its Australian Capital Equity team to eight investment professionals focused on the Australian equities market. Joining the team are Jonas Palmqvist as Senior Portfolio Manager/Analyst, Andrew Lally as Senior Portfolio Manager/Analyst and Thomas Young as Assistant Portfolio Manager. With the injection of new talent, the […]

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Tame inflation; Petrol pain ahead

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Weekly Petrol Price, Inflation gauge; Lending finance; New car sales Motorists need to prepare for higher petrol prices. The terminal gate or wholesale price of petrol leapt by over 2 cents a litre last week to 26-month highs. CommSec expects petrol prices to rise 3 cents a litre over the coming fortnight. Inflation is under […]

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