Spending posts first gain in nine months

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CBA Business Spending index Tentative signs of a recovery in consumer spending. A key gauge of economy-wide spending posted its strongest result in nine months in August. The Commonwealth Bank... Read more continue reading

Melbourne-Sydney: World’s 3rd busiest air route?

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Air traffic data Based on the latest available government aviation statistics, the Melbourne-Sydney air route can claim the mantle of the third busiest route in the world. There were just... Read more continue reading

Investor Signposts: Week Beginning September 19

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Upcoming economic and financial market events Australia September 20    Reserve Bank Governor speech    Foodbowl Unlimited Forum Luncheon in Shepparton September 21    RBA Board minutes (September 7)    Minutes of the last... Read more continue reading

Weekly market & economic update 17 September 2010

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Headline developments of the past week Global financial market regulators – known as the Basel Committee on Banking Supervision – announced tougher capital requirements for banks so that they can... Read more continue reading

Aussies embrace financial stocks

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Reserve Bank Bulletin The Reserve Bank Bulletin released yesterday has provided a breakdown of the ownership of Aussie equities. The portfolio allocations between households and institutional investors differ significantly. Mum... Read more continue reading

Powerhouse mining sector

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Quarterly Labour force data; RBA Speech; Imports In percentage terms, employment in the mining sector expanded rapidly over the past year. In the year to August, mining sector employment grew... Read more continue reading

Consumers display caution

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Dwelling starts at six-year Consumer sentiment; New car sales; Dwelling starts The Westpac/Melbourne Institute index of consumer confidence eased in the latest month. The index fell by 5.0 per cent... Read more continue reading

Businesses hopeful; Farmers rejoice; Cash is still king

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NAB business survey; ABARE Crop Report; Consumer finances Business confidence is up; conditions are down. According to the NAB business survey, the business confidence index rose from +2.4 in July... Read more continue reading

More joy for motorists; Construction loans slump

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Lending finance; Petrol price; Credit/debit cards The Australian Institute of Petroleum reports that the average Australian petrol price fell by 2.2 cents last week. Over the past fortnight prices have... Read more continue reading

Aussie tourism in trouble

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Regional economy Australia’s tourism sector was already in trouble, but it is now set to come under even more pressure from renewed strength of the Aussie dollar. The Australian dollar... Read more continue reading