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Job vacancies and retail spending well off the lows

Job vacancies and retail spending well off the lows Retail trade; Regional jobs; Job vacancies ¾ Retail trade: ‘Preliminary’ retail trade fell by 1.5 per cent in September after falling 4.0 per cent in August. Retail spending is still up 5.2 per cent on the year. ¾ Regional payrolls: The Australian Bureau of Statistics (ABS)…

Record customer receipts highlight Netlinkz growth in China

Netlinkz Limited (ASX: NET) today reported record receipts from customers for the quarter ended 30 September 2020. Growth in receipts has been driven by increasing demand for its VSN platform, particularly in China. Netlinkz, an Australian software company that specialises in secure virtual network solutions, has been refining its data security products since 2014. Its…

Consumer confidence hit 20-week high

Consumer confidence hit 20-week high Lower JobKeeper payments hit payrolls & wages Consumer confidence; RBA Board minutes & speech; Payrolls & wages, CBA household spending Consumer confidence: The weekly ANZ-Roy Morgan consumer confidence rating rose by 0.4 per cent to a 20-week high of 98.1 (long-run average since 1990 is 112.6). Confidence has lifted in…

Elevated East Coast petrol prices; Used car prices ease.

Elevated East Coast petrol prices; Used car prices ease China’s consumer and technology-led recovery Petrol Prices; Used car prices; Chinese economic data Fuel prices: The national average price of unleaded petrol rose by 2.0 cents to 121.2 cents a litre last week according to the Australian Institute of Petroleum. Daily unleaded retail petrol prices in…

CommSec Daily Report Monday

Latest News Local shares have started the new week on a positive note with the ASX 200 lifting 62 points or 1% to 6,238 and continues to test fresh 7-month highs for the benchmark index. The bright start overcomes some weakness locally on Friday and a mixed lead from Wall Street over the weekend. The…

Hacking Attacks Increasing during Pandemic

The veritable tsunami of news engulfing the world since the onset of the COVID 19 Pandemic relegated an important development to minor coverage – global hackers are on the attack in growing numbers. A 12 May article appearing in the US website cpapracticeadvisor led with the following headline: Computer Hacking Up 330% During Coronavirus Pandemic. In…

Record lift in job vacancies. Fastest growth in $100 notes on issue in 29 years

Record lift in job vacancies Fastest growth in $100 notes on issue in 29 years Job vacancies; Notes on issue ABS job vacancies: In seasonally adjusted terms, job vacancies rose by a record 59.4 per cent to 206,000 available positions in the three months to August. Vacancies partially recovered after falling by an historic 43.2…

Oil under more pressure as US driving season ends soon

With the US driving season end in sight, this suggests there will be a significant drop off on gasoline demand amid one of the most morose pandemics impelled dormancy in US travel ever. While peering into the September viewfinders, traders find themselves at the end of the runway on bullish catalysts and are now giving…

Why the time to diversify is now

I have spent an awful lot of the past 30 years saying basically two things – don’t try and time the market and be well-diversified. Both of these investment mantras are interesting in part because it is so easy to make a superficially attractive case against them. The first part of the counter argument is…

Investor Signposts: Week Beginning 10 August 2020

Australia: Jobs, wages & confidence data dominate In the coming week, there are a number of key economic indicators and events to focus on. The July jobs data, business and consumer confidence and company earnings results are the highlights. The week starts on Tuesday when Commonwealth Bank (CBA) releases its weekly data on credit and…