Best annual wages growth in three and a half years

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Wage Price Index; Consumer sentiment Wages: The wage price index rose by 0.6 per cent in the September quarter following a downwardly- revised 0.5 per cent increase (previously +0.6 per cent) in the June quarter. To 2-decimal points, annual wage growth lifted from 2.14 per cent to a 31⁄2-year high of 2.29 per cent. Bonuses […]

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Global equities outlook for 2019

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With volatility rearing its head in October, the question remains as to whether this will normalise, or increase towards year end and into 2019. In the US, against a backdrop of relatively subdued inflation, growth is soaring, with Trump’s domestic policy analogous to burning all the furniture in the room. Whilst some indicators, such as […]

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Insight Investment’s global economic outlook for the week ahead (week beginning 12 November 2018)

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This week we receive inflation data in the US, UK and the eurozone, which will be of interest for signs of developing inflationary pressures. In addition, retail sales in the US will provide insight into the strength of domestic consumer activity. Lastly, Chinese activity data will also be keenly observed. Market and economic review US […]

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Biggest weekly fall in petrol prices in a decade

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Petrol prices; Credit & debit cards Unleaded petrol price: According to the Australian Institute of Petroleum the national average price of unleaded petrol fell by 6.7 cents a litre last week to 149.4 cents a litre – the biggest weekly fall since the week ended November 30 2008 (down 7.0 cents a litre). Credit card debt: The average […]

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Weekly market update – week ending 9 November, 2018

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Investment markets and key developments over the past week Share markets mostly rose over the last week, helped in particular by a favourable reaction to the US midterm elections. Chinese shares remained under pressure though. Bond yields continued to rise reflecting the “risk on” tone from investors and as the Fed showed no signs of […]

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US midterm elections: We’re on to 2020!          

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The American midterm elections didn’t trigger any high-level surprises in Congress with the Senate remaining in Republican control and the House flipping Democrat, as expected. Now, investors can focus their political attention on the 2020 presidential race and what should be a wide-open field of Democratic candidates says Eric Stein, Co-Director of Global Income, Eaton Vance, a leading […]

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Insight Investment’s global economic outlook for the week ahead (beginning 5 November 2018)

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The multi -asset team at Insight Investment, a leading global investment manager, notes “This week is less busy on the data front, with politics moving into focus. The biggest event on this front is of course the US midterm elections. Both polls and betting markets indicate that the Democrats are likely to take control of […]

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Weekly market update – week ending 2 November, 2018

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Investment markets and key developments over the past week Share markets bounced back over the past week helped by good US earnings results and a lessening of trade war fears following comments from President Trump after a phone call with President Xi Jinping. Reflecting the risk on tone bond yields generally rose, but while the […]

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Credit Quarterly Outlook Q4 2018 – Crowding out credit

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The US economy is growing above its potential. Job openings are now exceeding the number of unemployed workers. In this environment it is no surprise that the Fed is continuing to hike. Tighter dollar liquidity is putting pressure on non-US issuers that rely on dollar funding. At the same time the ECB is still reluctant to […]

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Low inflation prevails

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Consumer price index Inflation: The Consumer Price Index – the main measure of inflation in Australia – rose by 0.4 per cent in the September quarter, broadly in line with expectations. In seasonally adjusted terms the CPI rose by 0.1 per cent. The annual rate of headline inflation eased from 2.1 per cent to 1.9 per […]

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