Plenty of Food For Thought Ahead of RBA Meeting
What will the RBA make of Thursday’s data ahead of its meeting next Tuesday, as house prices fell further last month and new private capex again eased in the September quarter?
Read MoreWhat will the RBA make of Thursday’s data ahead of its meeting next Tuesday, as house prices fell further last month and new private capex again eased in the September quarter?
Read MoreInflation seemed to moderate slowly in October while new building approvals slid sharply for the same month, according to data from the ABS yesterday.
Read MoreThe RBA got what it wanted, as the ABS reported a 0.2% dip in retail sales for October – the first such fall this year, after much resilience in the face of rising rates.
Read MoreThe Reserve Bank of New Zealand has decided to try and steamroll inflation with a record 0.75% lift in the country’s official cash rate announced on Wednesday.
Read MoreInvestors still believe that the Fed’s pivot is alive and well – despite the myriad of contrary comments last week from some of the central bank’s most senior officials.
Read MoreThe much stronger than expected jobs data for October all but confirmed that 0.25% would be added to the official cash rate at the RBA’s next meeting on December 6.
Read MoreChina’s economy slowed in October under the pressures of weak demand thanks to the continuing restrictions arising from President Xi Jinping’s Covid zero policy.
Read MoreIn his weekly Insights column, AMP Chief Economist Dr Shane Oliver provides seven reasons why he believes Australia should be able to avoid a recession.
Read MoreA week after the RBA again lifted interest rates, consumer and business confidence has slumped according to surveys from three major banks released on Tuesday.
Read MoreIn Cup week we got a fitting interest rate rise trifecta after the Bank of England followed the US Federal Reserve and the Reserve Bank of Australia in lifting its key rate by 0.75%.
Read MoreIt would be fair to say that Wall Street got caught by its own story-making about what the Fed was going to do after lifting rates at this week’s meeting.
Read MoreIt’s just what the RBA wants to see – the property and housing sectors are both weakening at the same time with the recent series of rate rises the ostensible catalyst.
Read MoreNo matter the size of its rate rise decision this morning, the Fed will have to do a lot more if it is to bash inflation to lower levels by slowing jobs and wages growth.
Read MoreAs widely forecast, the Reserve Bank has pushed its key cash rate up 0.25% to a new 9-year high of 2.85%, making it seven consecutive board meetings with an increase.
Read MoreData from the Australian Bureau of Statistics yesterday confirmed what numerous AGM updates had told us about continuing strength in the local retail space.
Read MoreNo surprises from the September quarter CPI with a surge in the annual rate to 7.3% which means the RBA will now look seriously at a 0.5% increase at its November meeting.
Read MoreAustralia’s AAA stable credit rating will survive the first budget statement from the Albanese government if the immediate reaction from ratings group S&P Global is any indication.
Read MoreThere are some very nervous investors in China and Hong Kong after stockmarkets saw big losses on Monday in the wake of last week’s 20th Communist Party Congress.
Read MoreWith Chinese markets sliding and the yuan at new lows, President Xi Jinping is risking more uncertainty by purging the current head of the People’s Bank of China.
Read MoreThe oddly perverse thing about how sentiment in the markets is now showing all the signs of full capitulation is that this could in turn open the way to an equities rally in 2023.
Read MoreThursday’s monthly update on jobs and wages from the Australian Bureau of Statistics had bad and worse news, at least as far as the future direction of interest rates is concerned.
Read MoreThe latest NAB survey, issued yesterday, shows that the economy remains resilient, despite the challenges from higher inflation, rising interest rates and a gloomy global outlook.
Read MoreA worrying jump in UK bond yields has forced the Bank of England to double its support buying and warn for the second time in a fortnight of “material risk” to the UK’s financial stability.
Read MoreAMP Chief Economist Shane Oliver takes a look at the RBA’s latest interest rate decision and explains why he thinks it made sense to slow down the pace of interest rate hikes.
Read MoreA warning for Australia from the US car market, where car prices are weakening and analysts see a fall coming that will wipe out the premiums consumers have been paying for the past two and a bit years.
Read MoreFor the second month in a row, sales of electric vehicles – mostly Tesla – have had a noticeable impact on car sales in Australia, figures from the FCAI revealed on Wednesday.
Read MoreUnlike the RBA, the Reserve Bank of New Zealand has continued to hammer the country’s economy with another half a per cent lift in its official cash rate on Wednesday.
Read MoreThe US labour market has shown the first clear sign of the impact of the Federal Reserve’s aggressive rate rises with a one million plus drop in the number of vacant jobs in August.
Read MoreSome saw the Reserve Bank’s decision to lift the cash rate by 0.25% as a ‘surprise’, while investors saw the attraction of the smaller increase and sent the ASX sharply higher.
Read MoreThe Australian housing sector is feeling the pressure from rising rates with house prices and finance trending down, while building approvals enjoyed a September relief rebound.
Read MoreWill data released yesterday showing house prices fell again in September cause the Reserve Bank to blink at its October meeting today and rethink its next rate move?
Read MoreInflation jumped to the highest level since mid-1990, a reading that – along with strong data on job vacancies – will confirm the need for another rate rise from the RBA next week.
Read MoreAnother solid month for local retailers with August sales up 0.6%, confirming Australian consumers have yet to pull back significantly in the face of the RBA’s rate increases.
Read MoreThe strong jobs market and high corporate earnings, especially in resources and energy, have driven a significant improvement in the federal budget for the 2021-22 financial year.
Read MoreInflation takes centre stage in Australia this Wednesday with the new monthly indicator to be released by the ABS which will mesh with the more comprehensive quarterly CPI.
Read MoreCurrency values have joined rising inflation in making a comeback as the topic of the day in a re-run of what was in vogue for financial markets during the 1970s, ’80s and ’90s.
Read MoreIt was a rare time in central banking this week with rate rises seemingly here, there and everywhere as September again confirmed itself as the oddest month for financial markets.
Read MoreFor the third time in a row the US Federal Reserve raised its key interest rate by 0.75 percentage points and made it clear it was not looking to slow its aggressive tightening stance.
Read MoreOnly a couple more sleeps until the September meeting of the US Federal Reserve and its forecast three quarters of a per cent rate rise – the question now is, where to from here?
Read More