Weekly market outlook – week ending 9 August, 2019

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Investment markets and key developments over the past week The past week saw a roller coaster ride in share markets with sharp falls after China responded to Trump’s latest tariffs by letting the Renminbi fall in value and ordering state owned enterprises to halt agricultural imports from the US and the US responded by labelling […]

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Weekly market update – week ending 2 August, 2019

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Investment markets and key developments over the past week It was back to “risk off” over the last week as the resumption of the US/China trade war, a less dovish than expected Fed and mixed economic data pushed global share markets down. The Australian ASX 200 followed the All Ords index to a new record […]

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Australian shares hit record highs – is the decade long underperformance versus global shares over?

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Key points The long time taken for Australian shares to regain their 2007 high and their underperformance compared to global shares this decade reflects a combination of payback after their strong performance last decade, tighter monetary policy, the strong $A into 2011, the slump in commodity prices and property crash phobia. High dividend payouts are […]

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Weekly market update – week ending 26 July, 2019

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Investment markets and key developments over the past week Share markets rose over the last week helped along by positive news on trade, a deal to resolve the US debt ceiling and reasonable US earnings. While Australian shares slipped on Friday, they rose through the week helped by the positive global lead with the All […]

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The longest US economic expansion ever – does this mean recession is around the corner?

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Key points Where the US economy goes is critical to the outlook for shares, including for the Australian share market. While the yield curve is flashing warning signs and issues around trade and Iran could cause short-term volatility, the excesses that normally precede US recessions – a spending boom, surging private debt and/or rising inflation/tight […]

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Weekly market update – week ending 19 July, 2019

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Investment markets and key developments over the past week US, European and Japanese shares slipped over the last week as trade war uncertainty continued to weigh amidst some mixed US earnings reports. Global trade war uncertainties also weighed on the Australian share market with a sharp fall in oil prices particularly hitting energy stocks, but […]

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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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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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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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Weekly market update – week ending 14 June 2019

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Investment markets and key developments over the past week Share markets, rose over the past week with the combination of expectations for rate cuts/policy stimulus and the tariffs being avoided on Mexico offsetting ongoing uncertainty about the US/China trade war and geopolitical tensions in the Middle East and Hong Kong. Australian shares made it to […]

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