Weekly economic and market update

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Chinese December quarter GDP data confirmed the message from months of partial economic indicators: Chinese economic growth has bottomed, forget about a hard landing! GDP growth came in at 7.9% year on year, which was stronger than expected and well up from the low in the September quarter of 7.4%. December data provided the same

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The US fiscal cliff

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The attached edition of Oliver’s Insights looks at the deal to avert the US fiscal cliff along with its debt ceiling and broader economic outlook. The key points are as follows: The US deal to avert the fiscal cliff combination of tax hikes and spending cuts is not the long term “grand bargain” that could have been

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Weekly economic and market update

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The past week saw most share markets rise with Chinese shares up 4.3%, European shares up 1% and Australian shares up 0.7%, but fiscal cliff worries weighed on US shares dragging them down 0.3%. So far this month US shares are down marginally, but the first few weeks of December are normally pretty flat with

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Oliver’s Insights – Review of 2012, outlook for 2013

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This edition of Oliver’s Insights provides a review of key developments of relevance for investors in 2012 and the outlook for 2013. The key points are as follows: While 2012 has had its fair share of worries, it has turned out far better than feared and share markets and growth assets have been able to

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Weekly economic and market update

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The past week has seen reasonable gains in share markets despite fiscal cliff worries as economic data has generally been supportive. December is normally a strong month for shares but most of the Santa Claus rally normally comes around Christmas/New Year.  There are four things of note for investors from the past week. Firstly, while

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Oliver’s Insights – RBA cuts rates, but not there yet

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The attached edition of Oliver’s Insights looks at the decision by the RBA to cut the official cash rate to its 2009 GFC low of 3%. The key points are as follows: While the RBA has cut the official cash rate back to its post GFC record low of 3%, overall policy settings are nowhere

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Weekly economic and market update

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The past week saw the rally in shares and commodities continue with fiscal cliff worries causing occasional swings but reasonable economic data and good news on Greece boosting confidence. Not a lot of progress was to be expected on the US fiscal cliff front by this stage and the argy bargy of negotiations will likely

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Oliver’s Insights – shares in another rough patch

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This edition of Oliver’s Insights note looks at the latest rough patch in global share markets. The key points are as follows: Global shares entered a rough patch in mid-September on profit taking and worries about earnings, Europe and the US fiscal cliff more recently. This has affected most listed growth oriented assets. As a return

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Weekly economic and market update

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The past week saw risk assets return to favour on the back confidence that the US fiscal cliff will be resolved. This results from a meeting between President Obama and Congressional leaders at the end of the previous week, better than expected economic data and a ceasefire between Israel and Hamas. US shares rose 3.3%, European shares rose

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Weekly economic and market update

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The past week has seen investment markets remain in “risk off” mode as the “wall of worry” remained in sharp focus. The main concerns have been the US fiscal cliff, delays in finalising the latest bailout payment for Greece, poor data in Europe generally and geo-political risk in the Middle East following Israeli strikes on

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