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 [...]
ABX Weekly 04/09/2014 Market Update Uncertainty over the US/China trade meetings scheduled this month moved the market to a risk off sentiment. In the US session, the weaker ISM Manufacturing print took the market to saw new lows in US 10-year yields hitting 1.429%. The risk off move wasn’t enough to discourage the long list of Corporate issuers to come through to market [...]
ABX Weekly 28/08/2019 Market Update A roller-coaster of a week starting with President Trump announcing addition tariffs on China imports with existing 25% tariffs on $250bn of imports from China will be raised to 30% starting on Oct 1. The 10% tariff on about $300bn of imports from China (about half of which have been delayed to Dec [...]
ABX Weekly 21/08/2019 Market Update Analysing the recently released minutes of the RBA’s Monetary Policy meeting in August we can see that the Board has grown more concerned over the outlook of global growth. Notably comments of: “trade and technology disputes had increased the downside risks to the global outlook”, “uncertainty around trade policy had [...]
ABX Weekly 14/08/2019 Market Update Global markets saw a volatile week as equities attempted to recover from the plunge following the Chinese Yuan drop in response to the tariffs imposed by the US. The S&P 500 index gave back early week losses as investors shifted their focus to global growth as central banks move to [...]
ABX Weekly 31/07/2019 Market Update Tempered risk-off sessions this week as equities succumbed to a mixed bag of corporate earnings and continued speculation that a trade deal will be finalised between the US and China remains elusive. All this underpinned by growing no-deal Brexit concerns forcing the British pound lower yet again and a looming FOMC meeting which has the market in a very cautious sentiment. Markets [...]
ABX Weekly 24/07/2019 Today RBA governor Philip Lowe gave a keynote speech titled Inflation Targeting and Economic Welfare Here are the key points: RBA governor Philip Lowe says the board is prepared to cut interest rates further if the economy does not grow fast enough "It is highly unlikely that we will be contemplating higher interest [...]
ABX Weekly 17/07/2019 Market Update Good morning, US equities fell after US President Trump said he could impose more tariffs on China. US interest rates and the US dollar rose after strong US retail sales data. The combined news sent AUD/USD and NZD/USD lower. The AFG mortgage index for June 2018 released a week ago is showing emerging [...]
ABX Weekly 10/07/2019 Market Update An example of a once considered abnormal circumstance but now viewed as being normal is the prevalence of negative yielding bonds yields. Thought to be an outlier phenomenon limited to Japan, has now become a common sight around the globe. By the end of May 2019 an astounding 21% of [...]
ABX Weekly 05/07/2019 Market Update A ceasefire between the US and Australia’s biggest trading partner, in China, is a positive in that it should keep our strong export story going. This is with a weak currency, robust demand, and supply side constraints already acting as tailwinds, particularly for the likes of iron ore. Indeed, the [...]