Economics

Investor Signposts: Week Beginning 11 October, 2021

Australia: Jobs data dominates In the coming week, there is plenty for investors to watch, including a speech from the Reserve Bank Deputy Governor, the September jobs data and business and consumer sentiment surveys. The week kicks-off on Tuesday when ANZ and Roy Morgan jointly release the weekly consumer confidence index. Also on Tuesday, the…

Vital Signs: Evergrande potentially on verge of collapse

A large, financially interconnected company is on the verge of collapse, weighed down by massive debt. The government ponders a bailout. There’s no easy answer. Doing nothing risks serious financial upheaval. But bailing it out will signal that greed, irresponsibility and moral hazard have no consequences. It’s a tough call. And if this all sounds…

Investor Signposts: Week Beginning 13 September, 2021

Australia: Job data dominates In the coming week, there is plenty to watch including a speech from the Reserve Bank Governor (Tuesday), the August jobs data (Thursday) and business and consumer sentiment (released on Tuesday and Wednesday). The week kicks-off on Monday with weekly readings on petrol prices (Australian Institute of Petroleum) and the used…

Investor Signposts: Week Beginning 6 September 2021

Australia: Taper tinkering from the Reserve Bank? In the coming week, the Reserve Bank (RBA) will be at the front-and-centre of investors’ minds with the Board to provide updates on its policy settings amid an escalating health crisis and worsening near-term economic outlook. The week kicks-off on Monday when the Melbourne Institute issues its monthly…

The importance of reporting season

August is the month most publicly listed companies report their full-year earnings results. Savvy investors need to cut through the noise by focusing on how well expectations have matched up with reality. Here’s what you need to know about the share market’s ‘confession season’. What is reporting season? Throughout reporting season, publicly listed companies update…

Investor Signposts: Week Beginning 23 August, 2021

Australia: Spotlight on business investment and construction data In the coming week, there are a couple of indicators to be released that are key inputs into the June quarter economic growth (GDP) calculations – business investment and construction work activity. But the week kicks-off on Monday when IHS Markit release the ‘flash’ or preliminary purchasing…

Investor Signposts: Week Beginning 16 August, 2021

Australia: Jobs & wages data hog the spotlight The highlights in the coming week are the all-important July jobs report and June quarter wage figures. But the week kicks-off on Tuesday when the RBA Board issues minutes of the meeting held on August 3. At the meeting the Board left interest rates unchanged, but it…

Investor Signposts: Week Beginning 9 August, 2021

Australia: Corporate reporting season and confidence surveys in focus In the coming week, the Aussie company profit reporting season cranks up a gear. In a quiet week on the economic calendar, both consumer and business confidence gauges vie for attention. But the week kicks-off on Monday when the National Skills Commission issues the preliminary job…

Investor Signposts: Week Beginning 2 August, 2021

Australia: Lockdowns to test Reserve Bank resolve In the coming week, the Reserve Bank (RBA) will be front-and-centre of investors’ minds with the Board due to provide updates on its policy settings and latest economic forecasts. But the week kicks-off on Monday when manufacturing purchasing managers’ indexes (PMIs) are issued by both IHS Markit and…

Support to fossil fuel research is more than apparent

Australian governments direct billions to fossil fuel companies. Among the projects funded by Commonwealth and state governments are work on coal ports, railways and power stations, and research into “clean coal” or “coal innovation”. Whether worthwhile or not, this funding is visible and can be debated on its merits, as The Australia Institute has done…