Aussie petrol prices hit record high. Big oil cash splurge.
Aussie petrol prices hit record high. Big oil cash splurge. Energy market update Oil prices continued to rise last week with Nymex crude at fresh 7-year highs and Brent crude at 3-year highs. The Australian average weekly petrol price lifted 8.8 cents to a record high of 169.5 cents per litre. Weekly energy market update…
Strong equity markets drive higher distributions
After low income distributions for nearly two years, trust income beneficiaries and others dependent on investment income would have been pleased to see a higher distribution in their June 2021 remittance. While not reaching the levels we saw in 2019, investment income increased thanks to a strong share market performance and subsequent dividend payments. Very…
The Bitcoin bulls are racing again
The Bitcoin bulls are racing again. A year ago the cryptocurrency was valued at less than US$12,000. Now it has passed the symbolic milestone of US$60,000, nudging the US$63,255 record it reached in mid-April, before its price fell to as low as US$30,000 in July. Bitcoin’s rally over the past month is largely attributed to…
Investor Signposts: Week Beginning 25 October 2021
Australia: Inflation data front and centre In the coming week, the September quarterly inflation reports dominate the economic calendar. Readings include consumer, producer and export/import prices. But the week kicks-off on Monday when CommSec releases the State of States quarterly economic report card. On Tuesday, ANZ and Roy Morgan jointly release the weekly consumer confidence…
RBA Governor: wages growth key to inflation spike
RBA Governor: wages growth key to inflation spike Reserve Bank Governor speech; Purchasing managers’ indexes The Reserve Bank Governor Philip Lowe participated in an online panel at Universidad de Chile’s Conference on Central Bank Independence, Mandates and Policies this morning. Governor Lowe said he did not think the rise in inflation would be sustained unless…
Biggest lift in NSW skilled job vacancies in 14 months
Biggest lift in NSW skilled job vacancies in 14 months Skilled job vacancies National skilled job vacancies rose by 4.9 per cent in September to stand at 228,988 available positions. Skilled vacancies hit multi-year highs in September in South Australia, Western Australia, Tasmania and the Northern Territory. NSW job ads rose by the most in…
Cautious optimism reigns at the Reserve Bank
Cautious optimism reigns at the Reserve Bank Reserve Bank Board minutes The Reserve Bank Board remains cautiously optimistic on the road ahead. The Board continues to rule out tighter monetary policy to stem home prices. A ‘solid recovery’ in household spending is expected. Overall analysis • If there is any criticism of the Reserve Bank…
Consumer confidence hits 14-week high
Consumer confidence hits 14-week high Consumer confidence; CBA card spending & CBA Household Spending Intentions Consumer confidence rose for the sixth straight week, up by 1.3 per cent to a 14-week high of 107 points. Commonwealth Bank (CBA) national credit and debit card spending is 16 per cent higher for the week ending October 15,…
Chinese economy slows. Aussie petrol at 13-year high.
Chinese economy slows. Aussie petrol at 13-year high. Chinese economic data; Energy market update The Chinese economy grew at a 4.9 per cent annual pace in the September quarter. Oil prices continues to rise with Nymex crude at fresh 7-year highs. The national average weekly petrol price lifted 6.9 cents to a 13-year high of…
Shaping investments for the future
With significant demographic shifts occurring around the world, one useful approach for investors is to use demographic themes and trends as a compass for future investing. Focusing on companies that will benefit from slow moving, long duration and highly predictable demographic trends can help investors predict areas of future opportunity. There are three main themes…
