Weekly market & economic update – November 19 2010

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Headline developments of the past week Worries about Europe’s debt problems and tightening in China were again key issues for investors over the last week, and had the effect of

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Investor Signposts: Week Beginning November 21 2010

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The big picture In the US, investors have been cheering the election result. That may seem odd, given the fact that it appears a recipe for doing nothing – a

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Resource states shift into fourth gear

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Average weekly earnings; ABARE Mineral & energy major projects Average weekly earnings rose by 0.4 per cent in the three months to August with private sector earnings up just 0.2

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AMP Bank increases standard variable rate

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AMP Bank is increasing its standard variable home loan interest rate for new and existing customers by 38 basis points to 7.82 per cent following the Reserve Bank of Australia’s

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Healthy wage growth to boost consumer activity

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Labour Price Index Wages lift driven by the minimum wage increase. Wages rose by 1.1 per cent in the September quarter. In annual terms wages are up 3.5 per cent

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RBA highlights pressure on bank funding

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RBA Board minutes At the last Reserve Bank board meeting members took some time to consider bank funding costs. Members explicitly stated that there was a possibility that banks would

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Credit card balances edge higher

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Credit/debit cards Credit card balances rose in September. The average credit card balance stood at a $3,261.60 in September, up $7.90 on August. The average credit card balance is up

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Investor Signposts: Week Beginning November 14 2010

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Upcoming economic and financial market events The big picture It never ceases to surprise how many people treat budget figures as facts rather than estimates. The Mid Year Economic and

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Confidence falls to five month low on rate hike

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Housing finance; Consumer sentiment As expected, the Westpac/Melbourne Institute index of consumer confidence fell in the latest month in response to the latest interest rate hike. The index fell by

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Profit slump but Government still upbeat

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NAB business survey; Mid Year Economic and Fiscal Outlook (MYEFO) NAB business confidence index eased from +10.1 to +8.1 in October. The business conditions index fell from +6.7 in September

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