CommSec Daily Repor Tuesday
Latest news The Australian sharemarket is off to a cautious start following Monday’s 2.6 per cent surge and ahead of the RBA Board meeting and tonight’s Federal Budget. Despite yesterday’s improvements (best day in four months), it was done on very light volumes due to half the country being on holiday. President Trump has left…
Savings at petrol pump. Used car prices lift
Savings at petrol pump. Used car prices lift Petrol Prices; Used car prices; New vehicle sales; Services; Inflation Fuel prices: The national average price of unleaded petrol rose 1.3 cents to 116.5 cents a litre last week according to the Australian Institute of Petroleum. Inflation: The Melbourne Institute inflation gauge rose by 0.1 per cent…
Keating is right the RBA should do more
Former prime minister Paul Keating isn’t alone in wanting the Reserve Bank to do much more to ensure economic recovery. In an opinion piece for major newspapers he has said it ought to be directly funding government spending rather than indirectly by buying government bonds from third parties. But we think there’s something else the…
Sydney petrol prices surge.
Sydney petrol prices surge; Used car prices lift Record resources & energy export earnings Weekly Petrol Prices; Used vehicle prices; Resources & energy exports Fuel prices: According to the Australian Institute of Petroleum, the national average price of unleaded petrol fell by 5 cents last week to 4-month lows of 115.2 cents a litre. East…
Markets to focus on payrolls and presidential debate
This week is all about payrolls and Presidential debates. But political malevolence and the torrent of global pandemic concerns continue to rattle on investors’ nerves. The doomy mood music’s soundboard remains tuned to growing concerns about rising Covid-19 case counts and whether policymakers have ammunition to react. In the US, this has centred on whether…
Consumer confidence hits 13-week high. Retail, transport & restaurant demand lifts.
Consumer confidence hits 13-week high Retail, transport & restaurant demand lifts Consumer confidence; CBA card spending; Restaurant reservations; Public transportation Consumer confidence: The weekly ANZ-Roy Morgan consumer confidence rating rose by 1.2 per cent to a 13-week high of 93.5 (long-run average since 1990 is 112.6). Confidence has lifted in five of the past six…
Australian shares slide for third day
Australian shares ended lower for a third straight day and only just managed to claw their way back from earlier three-month lows. The S&P/ASX200 benchmark index ended down 41.9 points, or 0.7 per cent, to 5822,6 points on Monday. It earlier touched a low of 5808.2, its lowest level since end June, on souring technical…
UK says it may break law in ‘limited way’
Britain is heading into a fresh round of Brexit trade talks acknowledging it could break international law but only in “a limited way” after reports it may undercut its divorce treaty with the European Union. As the pound fell on fears of a no-deal exit, the government’s legal department head quit because he felt a…
World shares inch higher, US on holiday
World shares rose slightly led by Europe on Monday after last week’s rout in US tech stocks, though investors worried that any rally could be short-lived against the backdrop of a global economy in recession. Market activity was subdued with the United States closed for the Labor Day holiday, though Nasdaq futures fell 0.4 per…
How we lost control of Australian house prices
Real home prices across Australia have climbed 150% since 2000, while real wages have climbed by less than a third. Sydney and Melbourne rank among the most expensive cities in the world. Australia-wide, home ownership levels have fallen from 70% to 65% in the last 20 years and home equity levels have fallen from 80%…
