Greece reaches the Last-Chance Saloon

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Next week probably represents the last chance for the Greek government and its official creditors to reach an agreement and prevent a default. If the negotiations fail, bankruptcy and capital... Read more continue reading

Weekly market update – week ending June 19, 2015

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Investment markets and key developments over the past week Shares had another messy and mixed week with worries about Greece weighing, particularly on European shares. Japanese shares also fell and... Read more continue reading

Will bond markets turn too fast and furious for the ECB?

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The European Central Bank (ECB) has reacted calmly to the recent rise in bond yields. This is probably because it regards the increase as a correction back towards more realistic... Read more continue reading

Biggest lift in petrol prices in 24½ years

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Weekly Petrol Prices Petrol prices: According to the Australian Institute of Petroleum, the national average Australian price of petrol rose by 3.7 cents per litre to 142.1 cents per litre... Read more continue reading

Weekly market update – week ending June 12, 2015

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Investment markets and key developments over the past week Shares had a mixed week with mostly good economic data, but ongoing uncertainty regarding Greece and worries about a MERS outbreak... Read more continue reading

Lending at a seven-year high; Tourists flock to Greece

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Lending finance; Credit & Debit Cards; Tourism Arrivals Lending: Total new loans (personal, business, housing & lease) rose 3.6 cent in April to a seven-year high of $75.7 billion. New... Read more continue reading

Australian jobs much better than expected, but is it believable?

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The May jobs data support the view that the economy is nowhere near as weak as the doomsayers would have it. However, they likely also exaggerate the strength in the jobs... Read more continue reading

Rebalancing of Chinese economy on track

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Chinese economic data Chinese retail sales rose at a 10.1 per cent annual rate in May. The result was in line with forecasts (+10.1 per cent). Production: Industrial production rose... Read more continue reading

Sliding $A hurts confidence; RBA focus shifts to infrastructure

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Consumer confidence; Consumer sentiment: The Westpac/Melbourne Institute index of consumer confidence fell from a 16-month high, down by 6.9 per cent in June to 95.3. The confidence index is up... Read more continue reading

Weekly market update – week ending 5 June, 2015

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Investment markets and key developments over the past week Shares had a rough week as Greek worries continued to weigh, the back-up in global bond yields resumed, and uncertainty about... Read more continue reading