Economy
Where is the economy heading?
Another year of Goldilocks in 2024, AMP Capital’s Shane Oliver looks at what’s ahead for 2025 2024 was like a rerun of 2023 with lots of angst but it turned out okay. Key big picture […]
Economy
Economy
No rate cuts before Christmas
The hopes for a December rate cut were slim leading into today’s meeting, with financial markets giving just a 6% chance of a rate cut in December The RBA (Reserve Bank of Australia) keeping interest […]
Economy
Weak GDP might signal a rate cut
Economists think a 2025 interest rate cut has become even more likely following a GDP rise of just 0.3 per cent in the September quarter that was held up by greater government spending Australian gross […]
Economy
Solid economic data drives shares
Global share markets mostly rose over the last week. US shares rose 0.9% on the back of solid economic data and a mixed but okay start to earnings reporting season. Eurozone shares rose 0.2% with the […]
Economy
Asia’s economies should pivot to services
Manufacturing has been the engine of growth in Asia, but a transition to modern, tradable services could be new source of growth and productivity The Asia-Pacific region prospered by becoming the source of more than […]
Economy
Economy Trumped
For only the second time since 1892 a U.S. president has won a second, non-consecutive term. AMP’s Shane Oliver looks at what Donald Trump’s second presidency means for the world economy. Contrary to what would […]
Economy
Inflationary pressures ease
Economists say the next move by Australia’s Reserve Bank should be to cut the cash rate At the very least, the decision to hold interest rates at 4.35% should provide a further boost to household […]
Economy
Mixed data ahead of RBA meeting
Retail spending per capita still going backwards, housing approvals supported by detached houses and not units (AMP Capital) The long-awaited Australia’s retail spending data today came out in line to slightly below economists’ estimates of […]
Economy
China stimulus felt globally
Global share markets rose again over the last week on expectations for a continuation of a “goldilocks” macro outlook on the back of central bank rate cuts reinforced by news of aggressive Chinese policy stimulus […]
Economy
RBA holds steady on rates
Australia’s cash interest rate remains at 4.35 percent, the central bank not having moved on rates since November 2023 The Reserve Bank of Australia (RBA) has indicated interest rate cuts are unlikely in the near […]
Economy
Resilient job market
Australia’s employment numbers surprise on the upside The number of people employed in Australia rose by 47,500 over August, almost double the figure predicted by economists. Says, AMP Capital economist, My Bui, “The labour market […]
Economy
Inflation eases but recession still on the cards
A recession is the main threat for Australian equities and there is a risk that we may have already seen the high for the year in the Australian share market after it reached 8,100 in […]
Australia
Australian business investment falls
Analysts caution investment will remain soft in the near to mid-term but there’s little to indicate a collapse Private new capital expenditure (capex) fell 2.2 per cent in the June quarter 2024, 0.3 per cent […]
Australia
Australian inflation eases
Australia’s July CPI is lower year-on-year but the nation’s treasurer says it needs to drop “further and faster” Australian inflation eased to a four-month low in July thanks in part to government rebates on electricity […]
Economy
Weak global growth ahead
IMF reports that global economic growth remains steady but the mid-term outlook is for weakness against the backdrop of major economies becoming more aligned Our global growth projections are unchanged at 3.2 percent this year […]