Weekly market & economic update – week ending 30 May, 2014

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Investment markets and key developments over the past week Share markets mostly rose over the past week helped by relief at the conclusion of the European and Ukrainian elections, mostly... Read more continue reading

Lending lifts; Deposits record biggest fall in 11yrs

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Private sector credit Private sector credit (lending) rose by 0.5 per cent in April after a 0.4 per cent lift in March. Annual credit growth rose from 4.4 to 4.5 per... Read more continue reading

Residential construction (finally) takes off

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Construction Work Done – QI 2014 The volume of construction work done rose by 0.3% in QI.  It is 2.6% higher through the year. Residential construction surged by 6.8% while... Read more continue reading

Petrol price falls below $1.50 a litre

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Weekly petrol prices Petrol price fall: According to the Australian Institute of Petroleum, the national average Australian price of petrol fell by 0.7 cents per litre to 149.5 cents a... Read more continue reading

Weekly market & economic update – week ending 23 May, 2014

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Investment markets and key developments over the past week Most share markets managed to rise over the last week, but the lack of momentum seen all year remains a feature.... Read more continue reading

Triple A at risk? Reserve Bank stresses stability

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RBA Board minutes Triple A Credit rating: The Financial Review has reported in an “exclusive” today, that “Rating agency Standard and Poor’s is warning Australia’s prized AAA credit rating could be reviewed... Read more continue reading

Weekly market & economic update – week ending 16 May, 2014

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Investment markets and key developments over the past week The past week saw more messy and volatile trading in share markets with some mixed economic data and corporate news in... Read more continue reading

2014-15 Aust Budget – heading back to surplus

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Key points After a 2013-14 deficit of $49.9bn, the budget deficit for 2014-15 is now projected to be $30bn, down from $34bn in the Mid-Year Economic Fiscal Outlook (MYEFO). For... Read more continue reading

Budget update­ by Dalton Nicol Reid Portfolio Management—what are the implications?

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Following the release of the 2014–15 Budget, we note the following implications for the economy: Mild drag on growth—the Budget looks for a substantial shrinking of the deficit—from 3.1% of... Read more continue reading

Record run for construction lending

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Housing finance The number of new owner-occupier housing loans fell by 0.9 per cent in March. The number of loans by owner-occupiers for the construction of homes rose by 2.1 per cent... Read more continue reading