Consumer confidence hits 15-week high.
Consumer confidence hits 15-week high Job ads up for 5th month; Record exports to US Consumer confidence; Job advertisements; International trade; Business survey Consumer confidence: The weekly ANZ-Roy Morgan consumer confidence rating rose by 0.7 per cent to 15-week highs of 95.7 (long-run average since 1990 is 112.6). Confidence has lifted in seven of the…
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…
Petrol to challenge $1 a litre again
s has compiled a report “A series of unprecedented events – the June quarter, 2020”, outlining the impact of COVID-19 across the economy. China house prices: In the year to August, Chinese house prices were 4.8 per cent higher than a year ago. Movements in the petrol price can affect consumer spending, and in turn,…
Equities outlook: Mind the volatility
Last month we highlighted that one market dislocation to watch was the concentration of capital in tech stocks. This was further exacerbated in August as the S&P 500 reached a new record high, only to sharply reverse at the beginning of September as investors dumped big tech stocks. While this correction is an overall healthy…
Home loans lift most in 18yrs. Confused consumers.
Home loans lift most in 18yrs. Confused consumers. Lending; Monthly Consumer Confidence Home loans: The value of home loans rose by 8.9 per cent in July after a 6.4 per cent rise in June (consensus: up 2 per cent). It was the biggest back-to-back increase in home loans in 18 years of records. First home…
