Timing Casts Doubts over Solid Jobs Data
Once again the timing of the monthly surveys for the labour force report from the ABS has prevented us from getting a clearer picture of the true state of the jobs market.
Read MoreOnce again the timing of the monthly surveys for the labour force report from the ABS has prevented us from getting a clearer picture of the true state of the jobs market.
Read MoreMedia reaction to Tuesday’s ANZ poll showing a sharp fall in consumer confidence is one more example of how we seem to be talking ourselves into another economic slide.
Read MoreThe 8.1% growth in Chinese GDP for 2021 may look solid, but it cloaks the continuing slide in property investment and the weakest housing price increase in five years.
Read MoreSomewhere a ceiling exists. But, as Magellan Investment Specialist Michael Collins argues, trouble is brewing, especially in the eurozone and emerging countries.
Read MoreData to be released today will confirm that, despite some strong metrics, the Chinese economy ended 2021 dragging the chain and heading into 2022 in a less than fit state.
Read MoreWe are seeing a very different approach to the one taken a year ago, as we again head into 2022 with Covid threatening global health and economic activity.
Read MoreWhile Covid-driven lockdowns saw the New Zealand economy shrink by a near record 3.7% September quarter, this wasn’t as bad as some had forecast.
Read MoreThe RBA maintains that the dramatic change to US Federal Reserve monetary policy announced yesterday will have no impact on its own policy plans for 2022.
Read MoreThe US Federal Reserve has made a dramatic change to its monetary policy – much more dramatic than any forecaster had predicted.
Read MoreThe final part of China’s November economic data dump yesterday showed another weakening in investment and retail sales but a small gain for industrial production.
Read MoreAn upbeat December business survey from the NAB yesterday says the economy is well placed to perhaps grow a little faster in 2022, despite the new Omicron variant of Covid.
Read MoreThe 2022 global economic outlook will be set this week by two events: China’s efforts to stabilise its economy and the final meeting of the US Fed for the year.
Read MoreIf the global trading system is still being buffeted by problems, how then have China and the US just revealed all-time monthly highs for exports and imports?
Read MoreSoaring vegetable prices drove China’s consumer price inflation sharply higher in November just as producer prices showed signs of plateauing.
Read MoreFrank Uhlenbruch, Investment Strategist in Janus Henderson’s Australian Fixed Interest team, discusses the key events of 2021 and what to expect in the year ahead.
Read MoreChinese commodity imports were the strongest across the board for 2021, helping the country’s November trade numbers offset other domestic pressures.
Read MoreThe RBA ends 2021 with its key interest rate steady on 0.10% and no sign of any change soon, despite continuing suggestions that it will be forced by rising inflation to boost rates.
Read MoreOnce again with a monthly report on the US labour market, the real story is to be found in the detail rather than the surprisingly weak headline new jobs figure for November.
Read MoreAMP’s Shane Oliver provides an outlook for Australian house prices, as well as the main drivers and risks behind his forecasts.
Read MoreMixed news for the Chinese economy from the two start of month surveys of manufacturing – it’s not in good health and a diagnosis of lacklustre would be in order, judging by the data.
Read MoreAustralia’s economy survived the Covid Delta lockdowns in the third quarter to emerge in solid condition and looking at a rebound in the three months to December.
Read MoreAustralian property prices grew the slowest amount this year according to CoreLogic, again raising the question of whether the boom is coming to an end.
Read MoreThe shifting sands of monetary and Government policy set a positive scene for the fundamental long short investor. The mounting risk of inflation could now be the painful hangover from it.
Read MoreBuilding approvals in October fell sharply because of a dramatic slide in the number of new apartments, townhouses and units approved by local governments.
Read MoreThe emergence of the new Covid variant has made tomorrow’s September quarter economic growth data almost irrelevant, especially in the event that Omicron is as dangerous as some say.
Read MoreAhead of the dramatic impact of the new Covid variant on world markets Friday, October retail sales data showed Australian shoppers spent heavily once the Delta lockdowns were eased.
Read MoreAs expected, the RBNZ yesterday lifted its key cash rate 0.25% to 0.75% which will be followed today by an similarly-anticipated decision by South Korea’s central bank to lift its key rate to 1%.
Read MoreIn this latest Russell Investments Q4 2021 Fixed Income Survey, 53 leading bond and currency managers considered valuations, expectations and outlooks for the coming months.
Read MoreContinuing caps on wage rises by the Federal and some state governments mean the private sector had to lead the way in providing a small boost to wages growth in the year to September.
Read MoreDespite some frantic tap dancing in various quarters about inflation, according to the Reserve Bank there remains little chance that official interest rates are going to rise before 2024.
Read MoreSix months ago, Kardinia Capital wrote that inflation was on the horizon. They continue to field questions on the topic, so are revisiting it here with some of their current thoughts.
Read MoreIt’s back to reality this week for China’s President Xi Jinping and the headache that is the Chinese economy – specifically property which is now threatening to spread to other sectors.
Read MoreRetailers dominate the final week of the US third quarter earnings season to be led by the industry majors, with the monthly sales report for October tomorrow also of huge interest.
Read MorePlenty going on in the week ahead, with the markets’ reactions to the weak outcome of the COP26 climate change conference in Glasgow and another upsurge in Covid Delta cases in 51 countries at the forefront.
Read MoreOn Monday President Biden will sign into law his $US1 trillion federal infrastructure bill that will see years of spending and investments helping underpin US economic growth and corporate activity for years to come.
Read MoreOctober’s jobs report looked poor and the initial reaction treated it thus, but the adverse data points were really positives in that they happened as eastern states met their re-opening targets.
Read MoreUS inflation jumped to levels not seen for 31 years in October as cost pressures tightened for more everyday items, but wages actually fell in real terms over the same period.
Read MoreChina’s CPI rose as forecast last month, but producer price inflation hit a 26-year high with a larger than expected annual rate of 13.5% as soaring coal prices slammed industry costs.
Read MoreBusiness conditions and confidence rose last month as lockdowns came to an end in both NSW and Victoria, according to the latest monthly survey of business from the National Australia Bank.
Read MoreIn this week’s Insight’s column, Dr Shane Oliver of the AMP argues that the march of central banks towards removing monetary stimulus is a positive rather than negative move for investment markets.
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