Five reasons why this downturn and subsequent recovery are different – and where are we in the Australian recovery now?

From

Key points This economic downturn and recovery differs from those of the past in that: the downturn was driven by a government shutdown; fiscal and monetary support has been faster and bigger; forced asset sales have been headed off; it’s dependent on containing coronavirus; and it’s seeing more rapid structural change. As a result, we

continue reading

Weekly market update – week ending 23 October, 2020

From

Investment markets and key developments over the past week Global share markets were mixed over the last week being buffeted again by waxing and waning stimulus prospects in the US and ever rising numbers of new coronavirus cases. US and Eurozone shares fell but Japanese and Chinese shares rose slightly. Reflecting the messy global lead

continue reading

Weekly market update – week ending 16 October, 2020

From

Investment markets and key developments over the past week Global share markets were mixed over the last week being buffeted by the rising number of new coronavirus cases and waxing and waning stimulus talk in the US. US and Chinese shares rose but Eurozone and Japanese shares fell. Australian shares were given a strong boost

continue reading

Nine keys to successful investing – and why they are more important than ever in the face of the coronavirus shock

From

Key points Even in good times successful investing can be stressful. For this reason, it’s useful for investors to keep a key set of things – call them rules – in mind. The key rules I think are: make the most of compound interest; don’t get thrown off by the cycle; invest for the long

continue reading

Weekly market update – week ending 9 October, 2020

From

Investment markets and key developments over the past week Share markets rose solidly over the past week on hopes for a stimulus deal in the US, whether before the election or after if there is a Democrat clean sweep. Australian shares benefitted from the positive global lead but also from fiscal stimulus in the Budget

continue reading

The 2020-21 Australian Budget – spend, spend, spend as the focus remains on recovery and jobs, jobs, jobs

From

Key points The Government now expects the Federal budget deficit to peak at a record $213.7bn this financial year. That’s around 11% of GDP, its highest since the end of WW2. The risk is the deficit will be worse at around $230bn. Key measures include earlier tax cuts, massive tax breaks for investment & a

continue reading

Weekly market update – week ending 2 October, 2020

From

Investment markets and key developments over the past week Global share markets mostly rose over the last week helped by dip buying in the US, some hope (which is now fading) for a new US stimulus deal and mostly good economic data. Australian shares fell though, after bucking the trend of falling markets in the

continue reading

Two in three Aussies’ finances impacted by COVID-19

From

While globally the COVID-19 pandemic has caused a huge economic shake up, it has also had far reaching impacts for Aussies in relation to their own personal finances. With this in mind, AMP has commissioned new research to unveil both the long and short-term impacts of the current crisis on everyday Australians – from day-to-day

continue reading

Biden versus Trump – the US presidential election is looming as the next big event for investors

From

Key points The US election has significant potential to add to volatility in investment markets. A Trump victory will mean more of the same and would likely initially be more positive for US than global and Australian shares. By contrast a Biden victory may add to short-term volatility but this is likely to be short

continue reading

Weekly market update – week ending 25 September, 2020

From

Investment markets and key developments over the past week Global share markets fell again over the last week on concerns about rising coronavirus cases, tightening social distancing restrictions in Europe and the lack of progress towards additional fiscal stimulus in the US. Australian shares managed a decent gain through the week with banks boosted by

continue reading