RBA cuts; Bonds do nothing; What’s going on?

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Introduction 24 hours before the Reserve Bank of Australia (RBA) handed down its decision to cut rates 25 basis points, I was questioning whether the RBA would cut in June. Today, I’m questioning how many more times will they cut this year. There’s a first time for everything The RBA has now cut rates to […]

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Property listings declined in June 2019 – Asking prices increasing in most cities

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Figures released yesterday by SQM Research reveal national residential property listings declined by 5.8% in June 2019, to 325,404 from 345,516 in May 2019. Year-on-year listings were also down by 1.8%. All states experienced a decline in property sales listings over the month, with Melbourne and Sydney experiencing the highest decline at 10.8% and 10.7% […]

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Insight Multi-Asset weekly update: Key PMI data out this week

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Market and economic review Markets enter ‘wait and see’ mode ahead of the G20 summit In contrast to the recent rally, risk assets as well as government bonds traded in a fairly narrow range this past week. This was driven by a build-up in anticipation leading up to the Trump-Xi meeting at the G20 summit. […]

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Weekly market update – week ending 28 June, 2019

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Investment markets and key developments over the past week Global shares slipped over the last week on the back of uncertainty ahead of the Trump/Xi meeting at the G20 and fears that the Fed may not be dovish enough in the face of soft data. Bond yields were flat to down reflecting global uncertainties, expectations […]

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State Street Global Advisors release mid-year global market outlook: Look beyond the noise as cycle extends

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State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT) yesterday published its 2019 Mid-Year Global Market Outlook, providing a medium-term forecast for global markets. While trade risks have come sharply into focus in recent months, we continue to see room for moderate global economic growth given the Fed’s more accommodative […]

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Insight Multi-Asset weekly update: Mario Draghi hints at more interest rate cuts

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Market and economic review Dovish central bank rhetoric sent government bond yields sharply lower as risk assets rally Last week saw the European Central Bank (ECB) and the Federal Reserve (Fed) deliver major easing messages; this supported risk assets and led to government bond yields moving sharply lower.  On Tuesday, some of the largest market […]

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Year in review; Year in preview

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Year in Review; Year in Preview Economic & financial perspectives Record expansion: Australia’s record economic expansion has almost completed its 28th year. Interest rates have fallen to fresh record lows; wages are growing near 2.5 per cent; underlying inflation is around 1.5 per cent; the jobless rate is 5.2 per cent. Good year for shares: […]

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Weekly market update – week ending 21 June, 2019

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Investment markets and key developments over the past week Share markets pushed higher over the last week as the Fed and the ECB hinted strongly at monetary easing ahead and as it was confirmed that Presidents Trump and Xi will meet on the sidelines of the 28-29 June G20 meeting in Japan. Expectations for monetary […]

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Investors should consider local-currency EM debt to counter lack of yield in government bonds

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Investors should consider local-currency EM debt to counter lack of yield in government bonds For investors trying to find yield in government bond markets, especially in developed markets, life isn’t getting any easier. It has been 10 years since the end of the financial crisis and into the global economic recovery, and there is still […]

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CommSec Research: Skilled job vacancies ‘winners’ and ‘losers’

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Skilled Job Vacancies Skilled job vacancies: In trend terms, the Internet Vacancy Index (IVI) fell by 0.7 per cent – the fifth consecutive monthly decline – to 81.1 points in May. The index is 5.7 per cent lower than a year ago – the biggest annual decline since December 2013. ‘Winners and losers’: In trend […]

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