Weekly market & economic update – week ending 6 September

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Key events of the past week and implications While share markets mostly rose over the past week helped by a delay to action regarding Syria and on the back of

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Mining states propel growth to a five year high

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Just three of the 19 industry sectors contracted in the March quarter. Modest contributions to growth came from mining, financial &insurance services and professional & scientific services, while the manufacturing

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Australia boom – March quarter GDP +1.3%…boom time or is it?

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Australian March quarter GDP rose a surprisingly strong 1.3% resulting in an annual rate of +4.3%.  This is roughly double consensus expectations.  The key drivers of the upside surprise were

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Rising oil prices – what is the tipping point for growth?

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Key points Global oil prices remain under upward pressure from turmoil in the Middle East and North Africa. This will dampen global growth and add to the financial pressure on

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The inventories puzzle solved

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Economic Perspectives The GDP (economic growth) figures were released last week. And the question we are getting asked most is what is the story with inventories – that is, unsold

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Weekly market & economic update – 18 February 2011

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Headline developments of the past week There was good news out of China with January inflation coming in lower than expected owing to a lower than expected rise in food

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Budget deficit target at risk

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Federal budget The underlying budget deficit continued its modest improvement, easing from $59.3 billion in the twelve months to November 2010 to $58.5 billion in the 2010 calendar year. CommSec

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Reserve Bank signals rates on hold

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RBA Statement on Monetary Policy The recent floods and softer-than-expected economic data have caused the Reserve Bank to tinker with short-term forecasts, but the longer-term forecasts are unchanged. Given the

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