Weekly market update – week ending 17 May, 2019

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Investment markets and key developments over the past week Share markets fell earlier in the past week as the trade war continued to escalate, before rebounding helped by better economic and earnings news and hopes of a trade deal. This left share markets mixed with US and Chinese shares down slightly, but Eurozone, Japanese and […]

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National vacancy rates jump in April

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Data released by SQM Research yesterday has revealed the national residential rental vacancy rates surged in April 2019 to 2.3%, an increase from 2.1% in March.  The total number of vacancies Australia-wide is now at 77,664 properties for rent, a rise of just under 10,000 dwellings over the past 12 months. Darwin’s vacancy rate of […]

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The trade war is back – what went wrong, what it means for share markets and what it means for Australia

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Key points The trade war between the US and China has returned after talks to resolve their trade differences broke down. Our base case remains that a deal will be reached to resolve the issues, but the risks to global growth are now higher (given the escalation in tariffs from the US) and share markets […]

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Weekly market update – week ending 10 May, 2019

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Investment markets and key developments over the past week Share markets fell over the last week as US/China trade tensions returned with a vengeance. Australian shares were relatively resilient though falling only 0.5%, helped by gains in utilities and property stocks and resilience in resources stocks. The return to risk off saw bond yields decline […]

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US economy is decelerating toward potential GDP near 2%, but not going into recession

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David Lafferty, Chief Market Strategist at Natixis Investment Managers examines the most recent macro data to see if it supports a continued rally in stocks and credit. The post-Christmas global rally in both equities and corporate credit has everyone wondering, “Is global growth stronger than we expected?” Obviously the Fed’s downshift both on rates (now […]

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State of the Regions 2019

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Over the past decade CommSec has conducted quarterly assessments of state and territory economic performance. We have now extended the analysis to Australian regional economies. Data were assessed across 88 SA4 regions that tend to have populations of between 100,000 to 300,000 people. The data assessed included population growth, business counts, unemployment and home building […]

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Property listings decreased in April 2019 – asking prices continue to decline in most States

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Figures released yesterday by SQM Research reveal national residential listings decreased by 6.3% in April 2019 to 332,236 from 354,459 in March 2019. All states experienced a decrease in property sales listings over the month, with Sydney experiencing the highest decrease at 11.1%, followed by Melbourne at 8.9% and Canberra 8.8%.  Darwin recorded the lowest […]

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East Coast petrol prices set to lift and diesel prices hit 22-week high

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Weekly Petrol Prices; ANZ Job Ads; Monthly inflation gauge; China data Weekly Petrol Price: According to the Australian Institute of Petroleum, the national average price of unleaded petrol fell by 1.2 cents in the past week to 145.6 cents a litre. But the national average diesel petrol price rose by 0.5 cents a litre to […]

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Weekly market update – week ending 3 May, 2019

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Investment markets and key developments over the past week Share markets mostly fell over the last week with the Fed indicating no inclination to cut rates, a bit of wariness around US/China trade talks and as a fall back in oil prices weighed on energy shares. Energy shares were in fact the worst performing sector […]

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Cost of living pressures ease – Inflation at 55-year low

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Economic perspective This report provides perspectives on the consumer price data. The Australian Bureau of Statistics (ABS) released the March quarter Consumer Price Index (CPI) on April 24. The figures showed no change in the CPI in the March quarter. The CPI was up 1.3 per cent over the year. Over the past five years […]

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