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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…

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…

How COVID-19 has changed the way we work

One of the many things COVID-19 has had a dramatic impact on is the way many of us work. Those fortunate enough to be able to work from home have been able to adapt to this new reality – and it certainly has been “new”. Perhaps the biggest question for both employers and employees is…

Record current account surplus.

Record current account surplus Longest stretch of consumer confidence gains Current Account; Government Spending; Consumer Sentiment; CBA Credit Card Current Account: The broadest measure of international trade – the current account – was in surplus by a record $8.395 billion in the March quarter in seasonally adjusted terms. It was the fourth successive surplus. Over…

Oil rises on favourable OPEC news

Oil prices fared well overnight, and while another fall in the US rig count may have helped, it was bulls on parade after the market got wind of reports that the OPEC+ meeting will be brought forward to this week, where the discussion will centre on extending 9.7Mbd 2Q cuts, which applied to April and…

High unemployment hits regional home prices

High unemployment hits regional home prices Record fall in inflation; Mixed factory activity Home prices; Manufacturing; Inflation gauge Home prices: The CoreLogic Home Value Index of national home prices fell by 0.4 per cent in May – the biggest decline in 12 months. Home prices were still 8.3 per cent higher over the year. In…