Petrol price slides, but Middle East the key

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Petrol prices Petrol prices: According to the Australian Institute of Petroleum, the national average Australian price of unleaded petrol fell by 4.5 cents a litre to 149.2 c/l in the week... Read more continue reading

Weekly market & economic update – week ending August 23

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Key events of the past week and implications Fed taper fears dominated over the past week resulting in further increases in bond yields and volatile share markets. Some emerging share... Read more continue reading

Rich Australia

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Household wealth The Bureau of Statistics has released the report “Household Wealth and Wealth Distribution 2011/12”. Average wealth. Wealth (assets less liabilities) of the ‘average’ Australian household stood at just... Read more continue reading

Weekly market & economic update: week ending August 16

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Key events of the past week and implications The past week saw more good data out of the US and Europe, but share markets were mixed with worries about Fed tapering... Read more continue reading

Consumer sentiment at its highest level since March 2013

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Consumer sentiment rose by 3.5% in August to be 9.4% higher than a year ago Sentiment was buoyed by the RBA’s latest rate cut, which occurred at the time the... Read more continue reading

PEFO non-event; Businesses still gloomy

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Pre-Election Economic & Fiscal Outlook; NAB business survey No change: It was almost certain that the Pre-Election Economic & Fiscal Outlook (PEFO) figures were going to be the same as those... Read more continue reading

Central Bank Watch – August 2013

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Principal Global Investors yesterday released its monthly Central Bank Watch for August 2013. The report highlights data on business conditions, consumer confidence, job vacancies and retail sales pointing to a weakening economy... Read more continue reading

Lending lifts to 5-year high; Petrol price slides

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Petrol prices; Lending Finance; Credit & debit card lending Petrol prices: According to the Australian Institute of Petroleum, the national average Australian price of unleaded petrol fell by 2.3 cents... Read more continue reading

Weekly market & economic update: week ending August 9

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Key events of the past week and implications Positive global economic data was a mixed blessing over the last week as it combined with comments from various US Federal Reserve... Read more continue reading

Mining to benefit from weak $A, says manager

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The weaker $A will benefit tourism, education, agricultural and even the mining industry, a leading fund manager says. Pengana Capital’s Australian equities fund manager Rhett Kessler says ‘a lower $A... Read more continue reading