ABE Weekly 4/08/2021

ABEWeekly 04082021 Market Update     “Believe you can and you’re halfway there” - Theodore Roosevelt    The RBA surprised the market following its meeting this week (Aug 3) when it decided not to reverse the taper its bond purchases, retaining weekly purchases at A$4bn from Sep to Nov, keeping its foot on the accelerator. The Bank did not provide any insight in there thinking regarding a timeline for when the [...]

ABE Weekly 28/07/2021

ABEWeekly 28072021 Market Update   “If the plan doesn’t work, change the plan not the goal” - Anonymous  What a difference a week makes. At one point it looked like we were going to emerge from the current lockdown in NSW relatively unscathed, but case numbers dictated otherwise, and the lockdown has now been extended another 4 weeks. That said, economists are still very upbeat about an [...]

ABE Weekly 22/07/2021

ABEWeekly 2207202   Market Update    “Do or Do Not. There is No try” - Yoda    This week we saw uncertainty over Australia’s immediate economic outlook increase again, as Sydney’s lock-down restrictions were tightened further and extended for at least two weeks to the end of July and based on recent stats this could be extended yet again. A clear indication of the strength of the Australian economy was [...]

ABE Weekly 14/07/2021

ABEWeekly 14072021 (1) Market Update     “It’s not the years in your life that count. It’s the life in your years” - Abraham Lincoln    At this month's meeting the RBA Board confirmed that the April 2024 bond would remain the target for Yield Curve Control instead of extending it to the November 2024 bond. The Board also met expectations for [...]

ABE Weekly 07/07/2021

ABEWeekly 07072021 (1) Market Update     “You only live once, but if you do it right, once is enough” - Mae West  As we go to print the RBA has just announced it will keep interest rates on hold yet again. It also stated that it is currently committed to purchasing the April 2024 bond at 0.1% to achieve its objectives of holding down the short [...]

ABE Weekly 1/7/21

ABEWeekly 01072021 Market Update     “If opportunity does knock, build a door” - Milton Berle   Well, we all knew it was inevitable, Westpac now expect that the RBA will begin its tightening cycle in the first quarter of 2023 with a 0.15% lift in the cash rate. That is expected to be followed by two more increases in 2023 of 0.25% each [...]

ABE Weekly – 23/06/2021

ABEWeekly - 23/06/2021 Market Update     “Every problem is a gift-without problems we would not grow” Anthony Robbins    The May Australian employment report which showed a surprise fall in the unemployment rate from 5.5% to 5.1% will be a major influence on the path of future economic policy. It underscores the strength of momentum in the economy and endorses [...]

ABE Weekly 16/06/2021

ABE Weekly 16/06/2021 Market Update     “Today is a gift, that’s why they call it the present” Anonymous    Things on the domestic front remain a little mixed. Westpac forecasts business investment to grow from 3.7% to 6.7% in 2021 and 5 to 5.9% in 2022. Offsetting that was a reduction in our forecast for consumer spending in 2021 from 5.8% to [...]

ABE Weekly 09/06/2021

ABE Weekly 09/06/2021 Market Update     “Always deliver more than expected” Larry Page, Co-Founder Google    Following the release of the Governor’s statement on the June RBA Board meeting it now seems clear that the Board has no intention of extending the YCT (Yield Curve Target) bond from the April 2024 to the November 2024. Not extending YCT means [...]

ABE Weekly 31/05/2021

ABE Weekly 31/05/2021 Market Update     “I am the master of my fate: I am the captain of my soul.” Invictus, William E, Henley    Conditions is Australia are largely unchanged since our last weekly however, the Australian National Accounts to be released on Wednesday this week, will provide an estimate of economic activity for the March quarter. The RBA meets [...]

Go to Top