Market Watch
Market Watch
At its meeting today, the Board decided to maintain the current policy settings, including the targets for the cash rate, the yield on 3-year Australian Government bonds, and the parameters for the expanded Term Funding Facility. The global economy is gradually recovering after a severe contraction due to the pandemic. However, the recovery is uneven...Read More
by Diana Mousina Building approvals in Australia surged by 12% in July, up 6.3% compared to a year ago. This was a much stronger result than consensus expectations of a fall in the order of 2%, and follows a run of better than anticipated numbers since April’s low point. As an important leading indicator of...Read More
Is there a disconnect between share markets and economic reality?
September 28, 2020
by Dr Shane Oliver On the back of a global pandemic and the worst economic contraction in US history1, the S&P 500 and NASDAQ indices kicked off September at record highs, and even the Dow Jones is approaching pre-pandemic levels. This suggests a level of confidence in the US business sector that extends much more...Read More
Australian shares in the 2020s: a very different decade so far
September 28, 2020
by Dermot Ryan The turn of a decade is a significant thing for people who make predictions for a living, and a lot of economic commentators took the opportunity around the beginning of this year to publish outlooks for the decade ahead. But if any of them had managed, at the time, to adequately convey...Read More
At its meeting today, the Board decided to maintain the targets for the cash rate and the yield on 3-year Australian Government bonds of 25 basis points. It also decided to increase the size of the Term Funding Facility and make the facility available for longer. Under the expanded Term Funding Facility, authorised deposit-taking institutions...Read More
At its meeting today, the Board decided to maintain the current policy settings, including the targets for the cash rate and the yield on 3-year Australian Government bonds of 25 basis points. The global economy is experiencing a severe contraction as countries seek to contain the coronavirus. Even though the worst of this contraction has...Read More
Let’s assume for a moment that we are able to contain the outbreak in Victoria and any clusters in New South Wales in the coming weeks. Throw in also the possibility of an effective vaccine emerging, and there’s good cause for optimism about the prospect of life returning to a new normal sometime next year....Read More
A new financial year with some new super rules
July 21, 2020
The start of a new financial year always brings with it new rules for super funds. Sometimes there are lots of changes, which are wide-reaching, and in other years there’s just a few. For the 2020/21 financial year, the two main changes are: the abolition of the work test for anyone aged 66 and 67...Read More
What we’re watching as markets try and normalise
July 21, 2020
We’re past the halfway point of a year that has marked a profound chapter in modern history. This time last year, the events of the last six months would have been unimaginable. This time a few months ago, there was no end in clear sight. Now, it’s hard to believe we’re this far through the...Read More
At its meeting today, the Board decided to maintain the current policy settings, including the targets for the cash rate and the yield on 3-year Australian Government bonds of 25 basis points. The global economy has experienced a severe downturn as countries seek to contain the coronavirus. Many people have lost their jobs and there...Read More