Economics

Investor Signposts: Week Beginning 12 July, 2021

Australia: Jobs data is the highlight The highlight in the coming week is the June jobs data. But both consumer and producer sentiment gauges vie for attention. The week kicks-off on Monday when the Australian Institute of Petroleum (AIP) issues the weekly data on petrol prices. And Datium Insights issues the weekly update on used…

Investor Signposts: Week Beginning 5 July, 2021

Australia: Reserve Bank ‘taper’ time? In the coming week the Reserve Bank (RBA) will be front-and-centre of investors’ minds with the Board considering whether to adjust its monetary policy settings, including its yield curve target and bond purchases. The week kicks-off on Monday with the release of the ‘final’ May retail trade figures. Preliminary spending…

Investor Signposts: Week Beginning 28 June, 2021

Australia: One year ends, another begins The coming week will be littered with reports looking back on the 2020/21 financial year and looking forward to 2021/22. The past year has been a surprisingly positive one for the Australian economy. And, providing virus cases are suppressed and more people ‘get the jab’, there is plenty to…

Major countries pondering issuing digital national currencies

Is a watershed reengineering of money underway? Around 600 BC, the Chinese were among the first to invent money when they used coins worth the metal within to overcome the hassle of bartering. Around the first century AD, the Chinese invented paper and in the following centuries devised printing presses. These inventions plus the heaviness…

Investor Signposts: Week Beginning 7 June, 2021

Australia: Business and consumer confidence surveys in focus · A quieter week is in prospect in Australia after the data deluge in early June. Consumer and business sentiment surveys are scheduled, with underlying measures of producer and consumer prices in focus. Jobs data will also be a highlight following the JobKeeper wage subsidy expiry. Job…

Investor Signposts: Week Beginning 31 May, 2021

Australia: The ‘winter whirlwind’ A strange quirk with the economic calendar is that each change of seasons is ushered in with a barrage of economic and financial events. So we have the ‘winter whirlwind’. Almost two dozen data releases or events are scheduled over the week with 15 data releases from the Bureau of Statistics…

Investor Signposts: Week Beginning 10 May, 2021

Australia: The Federal Budget is handed down The main focus in the coming week is the Federal Budget. But the latest business survey and retail trade data will also be keenly awaited. The week kicks off on Monday when the Australian Institute of Petroleum releases the latest weekly data on petrol prices and Datium Insights…

Biden is revving a US economy already enjoying a vaccine-inspired recovery

Detroit’s giant carmakers were among the US businesses tottering as the Great Recession took hold. About 2.6 million Americans lost their jobs over the four months from when the global financial crisis erupted in September 2008 until President Barack Obama assumed office at the start of 2009. The modelling of Christina Romer, Obama’s chair of…

Investor Signposts: Week Beginning 19 April, 2021

Australia: Reserve Bank Board meeting minutes and retail spending data in focus In the coming week, minutes of the last Reserve Bank (RBA) Board meeting are issued. Preliminary retail trade data and purchasing managers’ indexes of services and factory activity dominate the data docket. The week kicks off on Tuesday when ANZ and Roy Morgan…

Investor Signposts: Week Beginning 5 April, 2021

Australia: Reserve Bank dominates calendar In an Easter holiday-shortened week, the Australian economic calendar will be dominated by information on key industry sectors and Reserve Bank events. The week kicks off on Tuesday with the Reserve Bank Board holding its April meeting. No change in policy settings is expected. But as always the commentary from…