Petrol prices near 12-month highs
Petrol prices near 12-month highs Weekly petrol prices Petrol prices: According to the Australian Institute of Petroleum, the national average price of unleaded petrol rose by 9.0 cents a litre last week to a near 12-month high of 154.1 cents a litre (highest since week to November 4 2018). The lift in prices was influenced…
Investor Signposts: Inflation data hogs the spotlight
CommSec Chief Economist Craig James previews the economic & financial market events scheduled for the week ahead including the State of the States report, Private sector credit & US Federal Reserve rates decision. Australia: Inflation data hogs the spotlight • In Australia, investors will be focussed on the latest inflation report. But the latest data…
Tough year, but per capita income at new highs Tax refunds up $5 billion over year
Tough year, but per capita income at new highs Tax refunds up $5 billion over year National Accounts; Monthly Budget Statement Rich Australia: Real GDP per capita rose by 0.3 per cent to a record high of $74,873 in 2018/19. Both national wealth (net worth) and household wealth were at record highs at the end…
Where Did Gold Come From: Black Holes, Aztecs And The Gods
Forever synonymous with wealth, gold has been the most coveted mineral on earth since its first recorded use back in 3000 BC. >From Ancient Egypt to the U.S. Treasury its history is one of war, death, love and prosperity. But how did this most precious of precious metals actually get here? How much gold is…
Will flight shame take off?
Flight shame, or the guilt travellers feel about the harmful emissions produced by air travel, is starting to reduce passenger numbers in Sweden. If this behaviour spreads to the rest of Europe, and in particular begins to influence corporates to cut down on flights, European airlines face a threat to which there is no obvious…
Is Vietnam the new China?
One of the things you least want to hear when travelling is how much more interesting or beautiful a country was ten or twenty years ago. I heard this a lot in the 1980s when I was visiting south-east Asia and I tried to avoid the temptation to be that travel bore when passing through…
October lives up to its reputation
October lives up to its reputation Financial markets Global sell-off: Sharemarkets across the globe are down 2-3%, responding to a raft of worries Sharemarket movements can impact consumer sentiment and wealth and therefore affect spending. What has happened and what does it mean? • October has a bad reputation with sharemarket investors. There was the…
Tax cuts spent on sports gear, clothing & shoes
Tax cuts spent on sports gear, clothing & shoes Retail trade; Financial Stability Review Retail trade lifts: Retail trade rose by 0.4 per cent in August after an unchanged result in July (previously reported as a fall of 0.1 per cent). It was the strongest lift in spending in six months. Big retail up: Sales…
CommSec Daily Report Wedsday
Latest News The Aussie market is currently having its worst trading session in a fortnight with the ASX 200 easing 32 points or 0.5 per cent to 6716, but off session lows. This follows falls on Wall Street overnight which was weighed by weaker US economic data and news that US Democrats beginning an inquiry…
U.S. To “Drown The World” In Oil
The U.S. could “drown the world in oil” over the next decade, which, according to Global Witness, would “spell disaster” for the world’s attempts to address climate change. The U.S. is set to account for 61 percent of all new oil and gas production over the next decade. A recent report from this organization says…
