Unemployment: The young and the restless

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Labour force Employment rose for the 11th straight month, up by just 500 jobs in June after a revised 45,300 increase in jobs in May (previously reported as a 42,300 increase in jobs). Full-time jobs rose by 21,100, but part-time jobs fell by 20,600. Economists had tipped an increase in total jobs of around 9,000. […]

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Melbourne-Sydney passenger growth hits 6½-year low; Reserve Bank ready to act “if needed”

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Domestic air travel; Weekly consumer sentiment; Reserve Bank Board minutes People flying: There were 5.12 million passengers carried on Australian domestic commercial aviation (including charter operations) in May 2019, an increase of 0.7 per cent on May 2018. Rolling annual passenger growth on the Sydney-Melbourne route is at 6½-year lows. Consumer confidence: The weekly ANZ-Roy […]

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Biggest lift in Singapore gasoline prices in 3 years; Brisbane and Sydney petrol prices surge

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Weekly petrol prices Petrol: According to the Australian Institute of Petroleum, the national average price of unleaded petrol rose by 0.5 cents in the past week to 141.0 cents a litre. Today, retail petrol prices are averaging 152.80 cents a litre in Sydney (up 22.3 cents a litre over the week) and 160.8 cents a […]

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Record inbound migration; Record Aussies travelling overseas

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Overseas arrivals; Credit cards Tourism: Tourist arrivals rose by 6.3 per cent in May – the biggest monthly lift in international visitors since April 2017. And Aussie tourist departures lifted by 5.8 per cent – the largest monthly increase since May 2011. Over the year to May, arrivals were up 7.6 per cent and departures […]

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Is the end in sight for the world slowdown?

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Interest rates: near a low in long-bond yields  “The eight-month plunge in 10-year U.S. treasury bond yields is likely over. Yields will slowly work higher into year-end. At some point, rising interest rates will become a problem for stock and credit markets, likely late next year or in 2021.  “For 35 years, yields on 10-year U.S. […]

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Insight Multi-Asset weekly update

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Market and economic review Risk sentiment buoyed by a positive outcome from the recent Trump-Xi meeting Risk assets began last week on a strong note as the widely anticipated Trump-Xi meeting at the G20 summit paved the way for a potential de-escalation in the ongoing US-China trade tensions. Although any concrete resolution still remains out […]

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Aviva Investors lowers expectations for economic growth and risk asset returns

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Aviva Investors, the global asset management arm of Aviva plc (‘Aviva’), believes that any early reversal of the recent growth slowdown is unlikely and inflation pressures will remain weak. In this environment, returns on risk assets, such as equities, are likely to be more challenged. The renewed easing bias of major central banks should provide […]

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Be smart, quick and lucky

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Our aim is to assess credit market cycles in order to structure beta and stock picking policies. For the first time in 46 editions of this Global Credit Quarterly Outlook we feel there are multiple turning points in these cycles that simultaneously have an impact on markets. It is clear to us that deglobalization is […]

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Weekly market update – week ending 5 July, 2019

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Investment markets and key developments over the past week Share market rose solidly over the last week buoyed by a bunch of good news including the latest US/China trade war truce, the nomination of Christine Lagarde to head the ECB after Draghi and, in Australia, another rate cut and Parliamentary support for tax cuts. Bond […]

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Saxo Q3 Outlook: The global fiscal panic

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Saxo Bank, the online trading and investment specialist, has published its Q3 2019 Quarterly Outlook for global markets, including trading ideas covering equities, FX, currencies, commodities, and bonds, as well as a range of central macro themes impacting client portfolios. “Central banks’ response to the looming economic slowdown and trade war has been panic cutting […]

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