Weekly economic and market update – week ending 14 October, 2022

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Shares had another volatile week, falling initially on interest rate and recession fears with a sharp intraday fall in US shares on Thursday after another worse than expected inflation reading,... Read more continue reading

US bond yields still pondering the three-pronged fork and NAB Monthly Business Survey points to upside risk in RBA inflation forecast

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Not unexpectedly, and resilience in the labour market notwithstanding, US activity data appears to be responding to Fed policy rate hikes and the recent hawkish tack from Fed officials. Market... Read more continue reading

September vacancy rates remain constant at 0.9%

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SQM Research has revealed national residential property rental vacancy rates have remained constant at 0.9% in September 2022. This represents the lowest national rental vacancy rate since 2006. The total... Read more continue reading

The perils of forecasting in investing – three things for investors to consider

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Key points The increasing noise around economies and investment markets – associated with a more volatile global economic and geopolitical backdrop along with the rise of social media – highlights... Read more continue reading

Consumer Sentiment remains deeply pessimistic

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The Westpac Melbourne Institute Index of Consumer Sentiment fell by 0.9% from 84.4 in September to 83.7 in October. Westpac Chief Economist Bill Evans said: “The Index remains in deeply... Read more continue reading

Weekly economic and market update – week ending 7 October, 2022

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Investment markets and key developments Share markets had a strong bounce in the middle of the past week from very oversold levels, helped along by the UK tax backflip, softer... Read more continue reading

RBA increases 25 basis points: certainly defensible but risks “awkward optics”

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A little surprisingly in my view the Reserve Bank of Australia (RBA) Board meeting today decided on a downshift in the size of the policy increment from 50 basis points... Read more continue reading

Older property listings rise 9.2 percent

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Key points National residential property listings rose in September by 5.8% to 242,159 from 228,945 in August. Nationally, new listings (Less than 30 days) rose 3.8% over September, with 73,461... Read more continue reading

Weekly economic and market update – week ending 30 September, 2022

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Investment markets and key developments Share markets fell sharply again over the last week in response to continuing hawkish central bank comments and rising recession fears not helped by a... Read more continue reading

The Fed has the “cleanest dirty shirt” approach to monetary policy

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BoE intervention is not sustainable In Kris Kristofferson’s famous ballad Sunday Morning Coming Down (of course, popularised by the late Johnny Cash) the protagonist speaks of one Sunday morning, after a particularly... Read more continue reading