Dead cat bounce: Credit Quarterly Outlook Q2 2019

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Key highlights: Global debt is near cyclical highs Despite weaker than expected data, markets rallied – a typical bear market rally The bar to cutting rates is low, with central banks desperate to avoid a recession Corporate margins are under pressure, an earnings recession in the making. The Q1 2019 rally looks increasingly like a […]

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Budget surplus to drive consumption

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The Federal budget is expected to be in surplus for the first time since just prior to the global financial crisis in 2008. Economic forecasters are suggesting a surplus level of around A$15 billion. Ahead of today’s Federal budget, Reece Birtles, Chief Investment Officer, Martin Currie Australia, a Legg Mason Affiliate, says: “The Australian economy […]

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Aussie shares outperform property

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Home prices; Manufacturing Home prices: The CoreLogic Home Value Index of national home prices fell by 0.6 per cent in March – the smallest decline since October – to be down 6.9 per cent over the year. Prices fell in all capital cities except Hobart (up 0.6 per cent) and Canberra (flat). Regional prices fell […]

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Weekly market update – week ending 29 March, 2019

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Investment markets and key developments over the past week Share markets were mixed over the last week as global growth worries continue to impact. US and Eurozone shares rose a bit, but Japanese and Chinese shares fell in lagged response to the previous week’s falls in the US and Europe. Australian shares were little changed. […]

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Petrol spikes to fresh 4-month highs

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Weekly Petrol Prices Weekly Petrol Price: According to the Australian Institute of Petroleum, the national average price of unleaded petrol rose by 9.1 cents in the past week to 143.7 cents a litre. The petrol figures have implications for retailers, especially petrol marketing groups. What does it all mean? The high-point of the petrol discounting […]

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Weekly market update – week ending 22 March, 2019

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Investment markets and key developments over the past week While Eurozone shares fell slightly, other major share markets rose over the last week helped by Fed dovishness. From their December low US shares are now up 21%, global shares are up 18% and Australian shares are up 14%. The underperformance of Australian shares in the […]

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Aussie jobless rate at 10-year low; Queensland population growth rate at 5-year high

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Labour force; Population Employment rose by 4,600 in February after a revised 38,300 increase in jobs in January (previously reported as a 39,100 increase in jobs). Full-time jobs fell by 7,300, but part-time jobs rose by 11,900. Economists had tipped an increase in total jobs of around 15,000. Hours worked rose by 0.2 per cent […]

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Spending growth lifts in February

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Commonwealth Bank Business Sales Index Economy-wide spending is growing at the fastest rate in nine months according to the Commonwealth Bank Business Sales Indicator (BSI). The BSI, a measure of economy-wide spending, rose by 0.5 per cent in February after a similar lift in January. Spending growth remains above the 0.4 per cent long-term average […]

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Aussie housing wealth falls; Sydney home sales activity hits 15½-year low

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Home prices; Consumer sentiment; Reserve Bank Board minutes Home prices: The Bureau of Statistics reports that Australian home prices fell by 2.4 per cent in the December quarter to stand 5.1 per cent lower over the year. The number of established house and attached home transfers in Sydney fell to 13,991 in the December quarter […]

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Brisbane petrol prices hit 4-month highs – Diesel prices at 13-week highs

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Weekly Petrol Prices Petrol: According to data from the Australian Institute of Petroleum, the national average price of unleaded petrol rose by 4.1 cents in the past week to 134.6 cents a litre. Pump prices in Brisbane are near 4-month highs at $1.50 a litre, according to MotorMouth and Informed Sources. Diesel: The national average […]

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