Virgin Australia receives a lifeline
With commercial airline fleets grounded due to lack of demand, the Australian government will pay the nation’s two biggest airlines, Qantas and Virgin Australia, $A165 million to ensure they keep flying critical metropolitan and regional routes over the next two months. This measure comes on top of a A$198 million assistance package for regional airlines and the…
The Second Economic Support Package
The Second Economic Support Package Economic news The Federal Government has compiled a second, $66.1 billion package of measures “to cushion the economic impact of the coronavirus and help build a bridge to recovery.” The details of the consolidated package first and second packages is at: The economic packages to date total $189 billion or…
CommSec Daily Reprot Wednesday
Latest news Aussie shares are sliding to near intraday lows, with coronavirus fears continuing to keep equities under pressure and markets volatile. The ASX 200 is slipping by ~260pts or 4.9 per cent to 5,033. Remarkably, the local market has fallen by approximately 30 per cent in just 19 trading sessions and today’s tumble marks…
Hunting for income: Three things to consider
With interest rates likely to be lower for longer, investors are seeking yield from potentially riskier investments. We analyse alternatives and share three key factors to consider in the hunt for income. Record-low interest rates pose a challenge for income-oriented investors. That challenge is particularly acute for those living off the income from cash investments….
Record Kiwi tourists; Chinese tourism slumps Consumer confidence hits 3-month high
Record Kiwi tourists; Chinese tourism slumps Consumer confidence hits 3-month high Tourism; Consumer sentiment; CBA HSI; Reserve Bank Board minutes Tourism: Tourist arrivals rose by 0.9 per cent in December, but departures were flat. It was the biggest lift in tourist arrivals in four months. New Zealand tourists hit a record-high of 129,100 in December….
The Metal Trump Wants More Than Gold
China has a monopoly on one of the most strategic metals on the planet, and Washington is anxious to change that. Global dominance at this point in the game means control of the rare earths elements that form the backbone of existing technology and the future of technology, and while everyone is busy playing at…
Millennials consumer confidence hits 2½-year low
Millennials consumer confidence hits 2½-year low ATM withdrawals hit 8-year lows Consumer confidence; Credit/debit cards; NZ interest rates Consumer confidence: The Westpac/Melbourne Institute survey of consumer sentiment index rose by 2.3 per cent to 95.5 points in February. But consumer sentiment is still below the longer term average of 101.4 points. A reading below 100…
Petrol prices & Coronavirus
Petrol prices & Coronavirus Weekly Petrol Prices; China inflation Petrol prices: According to the Australian Institute of Petroleum, the national average price of unleaded petrol fell by 0.6 cents to a 5-month low of 139.7 cents a litre last week. China inflation: Consumer prices rose 5.4 per cent in the year to January (forecast 4.9…
Investor Signposts 10 Feb 2020: Quiet week ahead
Australia: Quiet week ahead In the coming week, there is only a spattering of economic indicators. Main interest will be on the profit-reporting season. On Tuesday, there are three indicators to be released. ANZ and Roy Morgan issue the consumer sentiment index for the week ended February 9. The National Australia Bank issues the January…
Investor Signposts: Week Beginning January 20 2020
Australia: Quiet week ahead • The fourth week of the year looks to be a quiet one for economic data, both in Australia and the US. In Australia consumer sentiment and employment data dominate the list of scheduled releases. • The week kicks off on Tuesday when the Commonwealth Bank releases the December Household spending…
