Sydney home sales activity hits 17-year low
Sydney home sales activity hits 17-year low Aussie housing wealth hits 2-year low Home prices; Consumer sentiment; Reserve Bank Board minutes & speech Home prices: The Bureau of Statistics reports that Australian home prices fell by 3.0 per cent in the March quarter to stand 7.4 per cent lower over the year. The number of…
CommSec Daily Report Tuesday
Latest news Aussie shares had a relatively quiet start to the session but are trading at intraday highs at lunch, with the ASX 200 up 0.5 per cent to 6,562. This not only recoup’s Monday’s losses but pushes shares back to around 11.5 year highs. Equities seemed to lift a little further after the RBA…
Brisbane and Sydney petrol prices surge
Brisbane and Sydney petrol prices surge Melbourne-Sydney passenger growth hits 6½-year low Weekly petrol price; Domestic air travel Petrol: According to the Australian Institute of Petroleum, the national average price of unleaded petrol fell by 3.9 cents in the past week to 139.8 cents a litre, led lower by a 15 cents a litre fall…
CommSec Daily Report Monday
Latest News Local shares are weaker early on Monday’s session with the ASX 200 retreating 17 points or 0.26% to 6537 heading into lunch. The top 200 index has been weighed with most sectors in negative territory, losses in the materials sector have been the largest drag while banks, utilities and industrials are making slight…
Investor Signposts 16 June 2019: Reserve Bank In Focus
The economic and financial market events scheduled for the week ahead including Governor Philip Lowe’s speech, ANZ-Roy Morgan consumer confidence and the US Federal Reserve interest rate decision. Australia: Reserve Bank in focus • In the coming week, Reserve Bank events dominate. Governor Philip Lowe’s speech in Adelaide on Thursday will hog the headlines. The…
The RBA’s Marching Orders Are No Longer Realistic
A somewhat obscure fact about the marching orders for Australia’s Reserve Bank is that, usually, when a government is elected or re-elected or a new governor takes office, the official agreement between the government and the Reserve Bank changes. There have been seven such agreements so far, each signed by the federal treasurer and bank…
Top 30 shorted stocks
The technique of profiting from a price fall is called short-selling, otherwise known as “shorting,” “to go short” or simply “short”. Basically, short-selling is the reverse of how we’re traditionally taught to invest, to buy at the lowest possible price and sell at the highest. When shorting, you aim to jump in at a high…
The Week Ahead – 14 June 2019
In the coming week, Reserve Bank events dominate. Governor Philip Lowe’s speech in Adelaide on Thursday will hog the headlines. The minutes of the June 4 Board meeting are issued on Tuesday. In the US, the Federal Reserve interest rate decision is the key focus of investors over the coming week. Craig James, Chief Economist,…
CommSec Daily Report Friday
Latest News The Aussie market is looking to snap its two consecutive sessions of losses with the ASX 200 climbing higher so far on Friday. The index started slow and was little changed for most of the morning and after a brief spike higher (17pts higher) just before midday, has retreated back to a more…
Two-speed job market
Two-speed job market Labour force; Domestic airfares Employment rose for the 12th straight month, up by 42,300 in May after a revised 43,100 increase in jobs in April (previously reported as a 28,400 increase in jobs). Full-time jobs rose by 2,400, but part-time jobs rose by 39,800. Economists had tipped an increase in total jobs…
