Economics

Jobs ads ‘fall for 12th straight month’

Job advertisements fell for the 12th straight month in April to remain at levels consistent with rising unemployment for the year ahead, a survey shows. The ANZ survey found the total number of job ads in newspapers and on the internet fell 7.5 per cent in April, to an average of 136,770 per week. Job…

Jobs ads ‘fall for 12th straight month’

Job advertisements fell for the 12th straight month in April to remain at levels consistent with rising unemployment for the year ahead, a survey shows. The ANZ survey found the total number of job ads in newspapers and on the internet fell 7.5 per cent in April, to an average of 136,770 per week. Job…

‘Biggest’ house price fall in 23 years

Australian house prices recorded the biggest annual fall in 23 years in the year ended March, with an improvement unlikely in 2009, economists say. Sales prices for established houses fell 6.7 per cent in the year, the Australian Bureau of Statistics (ABS) reported on Monday. It was the biggest annual fall since the data series…

IMF warns over China’s ‘dangerous’ debt load

China’s dependence on debt is growing at a “dangerous pace” and it must act to head off a brewing crisis in the world’s second largest economy, the IMF warned Tuesday.The International Monetary Fund also said the country’s leaders should kick on with vital reforms or risk a painful correction, adding that Beijing’s “unsustainably high” growth…

Investor Signposts: Week Beginning January 18 2016

Craig James – Chief Economist – CommSec#FOTO:306864006:400#Chinese economic data the highlight·       A mixed bag of Australian economic indicators is scheduled over the coming week including gauges of inflation and consumer confidence and lending.·       The week kicks off on Monday with the release of the monthly inflation gauge and new…

The outlook for 2016

The Year Ahead & Year In Review by CommSec. While worries about the health of the Chinese economy will feature in 2016, CommSec expects a generally positive year for the Australian economy with economic growth in a 2.50-3.00 per cent range. Unemployment should consolidate between 5.50-6.00 percent, with potential to move towards 5.50 per cent as…

Oil prices fall below $30 a barrel

US crude prices fell below $30 a barrel for the first time in 12 years on Tuesday as OPEC member Nigeria called for an emergency meeting to address collapsing prices. New York’s benchmark West Texas Intermediate (WTI) for February delivery fell to $29.93 a barrel, a level last seen in December 2003. Prices pulled back…

Investor Signposts: Week Beginning January 11 2016

Craig James – Chief Economist – CommSec Jobs and lending in focus ·       Another healthy batch of statistics will be released in Australia in the coming week with the focus on the job market and lending. ·       In Australia, the week kicks off on Monday with the release of…

Understanding the consensus trades for 2016

Chris Weston, Chief Market Strategist, IG Australia ‘The measure of intelligence is the ability to change’ – Albert Einstein   It’s important to understand the strong consensus trades for 2016. While these may eventuate, having an open mind is essential. The ability to understand the ever-changing dynamics, regrouping and reacting before others will potentially make…

T: The banks

Evan Lucas, Market Strategist, IG    Over faster than it began, all global markets have returned to the status quo of before the European Central Bank (ECB) and the People’s Bank of China (PBoC). The questions that lingers is whether further central bank interventions in the next two weeks will have the same effect as…