Outcome of the US election and US equities

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President Obama has emerged victorious from one of the most polarised presidential campaigns of recent years. But despite the electoral rhetoric, Obama knows that his scope for manoeuvre in the... Read more continue reading

Obama wins – likely economic outcomes

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President Obama’s win in the US Presidential election, with Democrats likely retaining the Senate and the Republicans retaining the House means more of the same in terms of divided government.... Read more continue reading

Interest Rates: End Game or Strategic Pause?

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The Reserve Bank Board left the official cash rate at 3.25 per cent. The Bank basically indicated that it wanted to assess the impact of previous rate decisions. In addition... Read more continue reading

Mining becomes biggest driver of the economy

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Mining has become the biggest driver of the Australian economy. The gross value added of the Mining sector was $139.95 billion in 2011/12, ahead of Financial & Insurance services at... Read more continue reading

US Presidential election on a knife edge

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The US Presidential Election is held on Tuesday. Voting is tight with most recent polls giving both Barack Obama and Mitt Romney 48 per cent of the vote. It is... Read more continue reading

Weekly economic and market update

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US markets were closed early in the week due to Hurricane Sandy. Our thoughts are with all of those affected. From an economic perspective, rough estimates suggest around $US40-50bn in... Read more continue reading

Weekly market and economic update

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More of the same over the past week with mixed news on profits, nervousness over the US “fiscal cliff” and no resolution regarding Spain and Greece seeing the correction in... Read more continue reading

Government remains determined to achieve surplus

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The Federal Government has stuck by its forecast of a budget surplus this year. The Government is targeting a surplus of $1.1 billion, down modestly on the $1.5 billion surplus... Read more continue reading

State of the States

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Each quarter CommSec attempts to determine the ‘state of the states’ by analysing eight key indicators: economic growth; retail spending; equipment investment; unemployment, construction work done; population growth; housing finance... Read more continue reading

Weekly economic and market update

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Signs global growth has bottomed continue to build. Chinese economic growth rose to 2.2% in the September quarter and indicators for retail sales, industrial production, investment, money supply and exports... Read more continue reading