Weekly market update – week ending 27 September, 2019

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Investment markets and key developments over the past week Share markets fell over the last week on the back geopolitical concerns with Democrats opening an impeachment inquiry into President Trump, ongoing trade war uncertainties and more Brexit mayhem at the same time that global business conditions PMIs remained soft. Australian shares were dragged lower by […]

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Record wealth. Job vacancies ease. Foreign holdings of Aussie shares hit 6½-year high

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Financial Accounts; Job vacancies; Employment by Industry  Wealth: Total household wealth (net worth) rose by 1.6 per cent to a record high $10,455.3 billion in the June quarter after rising by 0.2 per cent to $10,289.6 billion in the March quarter. Over the year to June, net worth rose by 0.5 per cent. Per capita […]

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Insight Multi-Asset weekly update

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Market and economic review  Despite a number of updates from central banks, weak data releases and geopolitical tensions, last week was a fairly quiet week for market performance. Equities retraced some of their gains from the previous week, predominantly due to poor economic data releases from both China and the US. Government bonds performed relatively well […]

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Consumer views on household purchases hit decade low

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Consumer sentiment  Consumer confidence: The weekly ANZ-Roy Morgan consumer confidence rating rose by 0.7 per cent to 110.1 points, up from 2-year lows of 109.3 points in the previous week. But sentiment remains below the average of 114.4 points held since 2014 and the longer term average of 113.1 points since 1990. Households shun major […]

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Melbourne petrol prices hit 11-month high; Biggest lift in Singapore gasoline prices in 4 years

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Weekly petrol prices; Manufacturing & services sector gauges Petrol: According to the Australian Institute of Petroleum, the national average price of unleaded petrol rose by 0.6 cents in the past week to a near 4-month high of 144.2 cents a litre. Melbourne pump prices: Over the past week, Melbourne unleaded petrol prices lifted by 31 […]

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Weekly market update – week ending 20 September, 2019

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Investment markets and key developments over the past week After several weeks of gains share markets were mixed over the last week as the attack on Saudi Arabian oil production provided a reminder of risks in the Middle East, global economic data was mixed and the Fed cut rates again. US and Eurozone shares were […]

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Natixis Investment Managers market flash – Federal Reserve

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What happened? The Federal Reserve, as expected, cut its benchmark interest rate by 25 basis points for the second time this year, lowering the federal funds rate to a range of 1.75% – 2% as a response to the ‘implications of global developments for the economic outlook as well as muted inflation pressures’. Mr. Powell […]

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Is this the momentous reversal?

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“Suddenly, there appears to be a glimmer of light. Expectations for a rebound in growth, nurtured by thawing U.S./China trade relations, better Brexit news, and global monetary easing have all boosted risk appetite. Global sovereign bonds have sold off sharply, with U.S. Treasury yields up some 30 basis points in one week.” Writing in a […]

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Oil in focus after drone attack on Saudi Arabia. Slowest Chinese production in 17½ years

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Weekly petrol prices: Chinese economic data Petrol: According to the Australian Institute of Petroleum, the national average price of unleaded petrol rose by 3.4 cents in the past week to 143.6 cents a litre (but was down 8.6 cents a litre on the year). Chinese data (August): Retail sales rose at a 7.5 per cent […]

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Weekly market update – week ending 13 September, 2019

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Investment markets and key developments over the past week The good news continued over the last week with the US and China trading goodwill gestures on the trade war front, signs of a de-escalation of tensions with Iran and the ECB announcing a broad-based monetary easing. This saw share markets have another week of solid […]

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