CommSec morning report Monday May 16
Latest news In US economic data, import prices were flat in April (survey: +0.6%), but were up 12% on a year ago (survey: +12.3%). Export prices rose by 0.6% in April to be up by 18% on a year ago (survey: +19.2%). The University of Michigan consumer sentiment index fell from 65.2 to a near…
Tiny houses can help ease rental affordability
Rental housing in Australia is less affordable than ever before. It is no exaggeration to call the situation a crisis, with vacancy rates at record lows. But there are some relatively simple, easy-to-implement and cost-effective things that can be done to ease rental affordability pressures. These include relaxing planning restrictions on small and non-traditional houses,…
The 4 economic election wildcards
There are four economic wildcards between now and the election, and we know exactly when each will be played. The first is this Wednesday at 11.30am eastern time, when we get the official update on inflation. We’re likely to see a figure so large it will take many of us back to the 1990s, to…
The great recalibration continues
Fixed income has cheapened dramatically, however with uncertainty elevated we expect additional risk premia to be built in before bonds become really appealing. As a result, we’re continuing to run cautious portfolio positions, monitoring (elusive as yet) signs of stability. Recalibration continues The dramatic recalibration of expectations regarding the future level of interest rates continues….
Investment in water conservancy up 45.5%
BEIJING – China’s investment in water conservancy facilities totaled 195.8 billion yuan (about 29 billion U.S. dollars) in the first four months of 2022, jumping 45.5 percent year on year, data from the Ministry of Water Resources showed on Thursday. According to the ministry’s targets, construction on a total of 30 new major water conservancy…
Why get your advice from a licensed financial adviser?
Use a licensed financial adviser Help protect yourself if something goes wrong Check the Financial Advisers Register Speaking with Raf Epstein on ABC Melbourne, ASIC Chief Operating Officer Warren Day recalled the first piece of ‘financial advice’ he ever received was from his Mum – to open a bank account. When he progressed to shares,…
Automaker Chery posts strong NEV sales
HEFEI – Chinese automaker Chery Holding Group Co., Ltd. reported strong new energy vehicle (NEV) sales in the first four months of this year, said the company. Chery sold 68,587 NEVs in the January-April period, up 168.5 percent year on year. In April alone, NEV sales surged by 81.2 percent year on year to 15,533…
CommSec morning report Friday
Latest news The US Senate voted overwhelmingly on Thursday to give Jerome Powell a second term as US Federal Reserve chair. In US economic data, the Producer Price Index (PPI) lifted by 0.5% in April to be up by 11% on the year (survey: +10.7%). The core PPI (ex-food and energy) rose by 0.4% in…
CommSec Evening Report
Latest News The Australian sharemarket has erased yesterday’s gains after the S&P/ASX 200 slipped by 1.8 per cent or 124 pts, to 6941. The tech sector fell the most today, and all 11 sectors finished in the red for the 10th time this year. A key update on US inflation last night set the tone,…
central bank conducts reverse repos to maintain liquidity
BEIJING, – China’s central bank on Thursday conducted 10 billion yuan (1.48 billion U.S. dollars) of reverse repos to maintain liquidity in the banking system. The interest rate for the seven-day reverse repos was set at 2.1 percent, according to the People’s Bank of China. The move aims to keep liquidity in the banking system…
