ABX Weekly 04/12/2019 Market Update Australia’s economy slowed last quarter as interest-rate and tax cuts failed to spur household spending, reinforcing expectations the central bank will need to resume its easing next year. Gross domestic product (GDP) advanced 0.4% (which was below economist forecast of 0.5%) for the third quarter while previous quarterly growth (Q2) was revised higher to 0.6%. The [...]
ABX Weekly 27/11/2019 Market Update The big news yesterday was the much-anticipated speech by RBA Governor Philip Lowe. The main message was that any sort of QE program is clearly off the cards until official rates hit 0.25%. With the current stimulus and economic figures, it seems unlikely that the RBA will be forced to cut [...]
ABX Weekly 20/11/2019 Market Update One of the biggest news this week was the surprise revelation yesterday that the Reserve Bank board acknowledged in the recently released minutes that there was a compelling case for cutting the cash rate again to a new record low before leaving it unchanged at 0.75 per cent at its November meeting. The minutes [...]
ABX Weekly 13/11/2019 Market Update Global markets continue to slowly price in an economic recovery and yields in the US bond markets continue to increase with the US 10y Treasury note moving closer to 2% which is a three-months high. Markets currently pricing in a zero chance of easing by the Federal Reserve at the December [...]
RBA November 2019 flash news – unchanged As most market commentators already expected, the RBA left interest rates unchanged at its Melbourne Cup meeting. The ball is now clearly back in the court of the Government and the pressure is mounting for further fiscal measures to help lift the heavy burden. Clearly the consumer [...]
ABX Weekly 30/10/2019 Market Update Global Financial markets are starting to respond to the massive stimulation by Central Bankers around the world. We have seen the US stock markets hitting new all-time highs and bonds yields moving higher across the globe. Even bond rates in Europe are moving slowly back towards zero, however many are [...]
ABX Weekly 23/10/2019 Market Update The only major beneficiary of the massive decrease in official interest rates by our RBA seems to be the property market. House prices in the Sydney and Melbourne have lifted strongly again and reports of bidding wars are making headlines again. Consumer confidence on the other hand has gone the other [...]
ABX Weekly 02/10/2019 Market Update President Donald Trump’s recorded comments at a closed-door gathering with U.S. diplomats seem set to add fuel to Democrats’ impeachment drive. Trump is seen describing the whistle-blower as “close to a spy” and demanded to know who the person is, in a video of the event obtained by Bloomberg News. [...]
ABX Weekly 25/09/2019 Market Update The US political turmoil, with a possible impeachment of Trump is casting it’s shadows over the global economy. In the recent speech to the UN assembly Mr Trump is calling an end to globalisation and he was stressing that patriotism is the new way of live! This of course does [...]
ABX Weekly 18/09/2019 Market Update The weekend bombing of the Saudi oil infrastructure and the jump in oil prices have dominated the headlines over the past couple of days. Clearly the biggest risk is that the situation is further escalating and a further spike in the oil price would strongly undermining the global efforts by Central [...]