Markets

Your 10-second guide to today’s Australian jobs report

Australia’s jobs report for July will be released by the ABS at 11:30am AEST. Jobs data remains one of the most important releases on the economic calendar, and has become an increasingly important barometer for Australia’s economic outlook. Today’s report follows quarterly wage data released yesterday. While there was a […]
Your 10-second guide to today’s Australian jobs report
Markets

The Australian dollar is getting beaten up again

The Aussie dollar has fallen against the greenback for the sixth straight session. Westpac senior currency strategist Sean Callow said that aside from broader USD strength, lower commodity prices may also be weighing on the AUD. Chinese stocks are also falling, as gains in US stocks failed to translate into […]
The Australian dollar is getting beaten up again
Markets

Here’s what economists are saying about Australia’s wage report

Australian hourly wage rates excluding bonuses increased by 0.62% in the June quarter, leaving the annual increase at 2.14%, up from 2.07% in Q1 2018. Most economists expect wage growth to remain weak, with many unconvinced that rising employment levels will translate to higher wage growth. Australia’s latest wage growth […]
Here’s what economists are saying about Australia’s wage report
Markets

Australian wages growth is exactly as low as markets expected

Wage growth in Australia rose by 0.6% for the June quarter in seasonally adjusted terms, leaving annual growth at 2.1%. Both results were in line with forecasts. The Q2 data was the strongest quarterly result since March 2014, although wage growth remains stuck well below the long-term average. Q3 wage […]
Australian wages growth is exactly as low as markets expected
Markets

Your 10-second guide to today’s Australian wage report

Australia’s Wage Price Index (WPI) for the June quarter will be released this morning (11:30am AEST). After a long period of below-average wage growth, the WPI has become one of the most important releases on the economic calendar. As Australian consumers navigate their way through a combination of high household […]
Your 10-second guide to today’s Australian wage report
Markets

Here’s a data-driven guide to the property market outlook in every Australian state

The latest quarterly outlook for Australia’s housing market from consulting firm RiskWise Property says the three main risks are credit restrictions, housing affordability in larger markets, and unit oversupply. South-East Queensland is an area well-positioned for future growth, while large swathes of the WA market remain high risk. High-end properties […]
Here’s a data-driven guide to the property market outlook in every Australian state
Markets

There were more disappointments in China’s latest round of economic data

The latest round of Chinese economic data missed across the board. July data for retail sales, industrial production and fixed asset investment all missed expectations. China’s National Bureau of Statistics said the current environment was “severe and complex”. Global markets got an update on China’s economy today via a triple-shot […]
There were more disappointments in China’s latest round of economic data
Markets

This trend could give rise to further demand for the US dollar

The US dollar is still in strong demand from currency speculators. Net long positioning, hedge funds and other leveraged investors are at the highest level since November 2015. The collapse of the Turkish lira saw the USD break above its recent trading range at the end of last week. The […]
This trend could give rise to further demand for the US dollar
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 25,313.14 -196.09 (-0.77%) S&P500: 2,833.28 -20.30 (-0.71%) AUD/USD: 0.7284 -0.0012 (-0.16%) ASX SPI futures (September contracts): 6,229 (+11) 1. Global markets had a wild session on Friday night, stemming from the collapse of the Turkish lira which closed the week more than 20% lower. […]
6 things Australian traders will be talking about this morning
Markets

The RBA has downgraded its inflation forecast for this year

The RBA released its quarterly Statement on Monetary Policy this morning, with an updated set of economic growth projections. The central bank confirmed it has downgraded its 2018 inflation forecast, after flagging the change in Tuesday’s rates decision. Its longer term outlook for inflation was little-changed. The bank now expects […]
The RBA has downgraded its inflation forecast for this year
Markets

World Bank partners with CBA to issue a bond on the Ethereum blockchain

Commonwealth Bank will be the lead arranger for the issuance of a blockchain bond by the World Bank. The debt instrument is expected to raise between $50-$100 million to help fund sustainable development. CBA is using the Ethereum blockchain, but said it remains open to other blockchain options in the […]
World Bank partners with CBA to issue a bond on the Ethereum blockchain
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 25,509.23 -74.52 (-0.29%) S&P500: 2,853.58 -4.12 (-0.14%) AUD/USD: 0.7378 -0.0054 (-0.73%) ASX SPI futures (September contracts): 6,249 (+10) 1. US dollar strength was the main story overnight. The greenback gained significant ground against all the major pairs including the safe haven Japanese yen, and […]
6 things Australian traders will be talking about this morning
Markets

Researchers at Yale University have highlighted 2 ways to predict crypto prices

Researchers at Yale University have carried out analysis to determine what factors can predict crypto price movements. They said crypto markets demonstrate a strong momentum effect, and there’s a strong correlation between prices and general public interest. Yale economist Aleh Tsyvinski said the market is still subject to other factors […]
Researchers at Yale University have highlighted 2 ways to predict crypto prices
Markets

Auction clearance rates in Sydney and Melbourne dipped again last week

Finalised weekly data from CoreLogic showed auction clearance rates fell in Sydney and Melbourne for the second straight week. Despite that, CoreLogic said auction clearance numbers are steadier than the last major housing downturn in 2012. Across Australia’s combined capitals, auction volumes this weekend are expected to be little-changed from […]
Auction clearance rates in Sydney and Melbourne dipped again last week
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 25,583.75 -45.16 (-0.18%) S&P500: 2,857.70 -0.75 (-0.03%) AUD/USD: 0.7431 +0.0004 (+0.05%) ASX SPI futures (September contracts): 6,206 (-1) 1. US stocks were mixed overnight, as a new round of tariffs between the US and China dragged energy companies lower. It followed a weak lead […]
6 things Australian traders will be talking about this morning
Markets

China’s trade surplus with the US held steady in July

China’s overall trade surplus missed expectations, but its surplus with the US held steady. The first round of US tariffs against China went into effect on July 6. Analysts said China’s ongoing surplus with the US was helped by recent weakness in the Chinese yuan. China’s international trade surplus fell […]
China’s trade surplus with the US held steady in July
Markets

Loan approvals for Australian housing investors continued to slide in June

Data from the ABS showed loan approvals in Australia’s housing market fell by 1.6% in June, in seasonally adjusted terms. There was a decline in loan approvals for both owner-occupiers and housing investors. Loan approvals to housing investors have now declined by 29.7% from their peak. Home loan approvals in […]
Loan approvals for Australian housing investors continued to slide in June
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 25,628.91 +126.73 (+0.50%) S&P 500: 2,858.45 +8.05 (+0.28%) AUD/USD: 0.7418 +0.0031 (+0.42%) ASX200 SPI futures (September contracts): 6,202 (-5) 1. Global stocks rose overnight, after Chinese markets had their biggest one-day gain in two years yesterday. The S&P500 closed just off record highs amid […]
6 things Australian traders will be talking about this morning
Markets

The RBA just flagged a downgrade to its inflation forecast

The RBA left official interest rates on hold at 1.5%. Rates have now been unchanged since August 2016. Ahead of this Friday’s Statement on Monetary Policy, the RBA flagged a downgrade to its 2018 headline inflation forecasts. The bank still expects inflation to pick up in 2019 and 2020. The […]
The RBA just flagged a downgrade to its inflation forecast
Markets

Here’s one way Australia could benefit from a US-China trade war

China included a 25% tariff on LNG imports in its latest trade threat against the US. Capital Economics said Australia’s LNG producers could benefit from a redirection of demand. The short-term benefit is likely to be small, but there’s an opportunity to gain market share over the next five or […]
Here’s one way Australia could benefit from a US-China trade war
Markets

Your 10-second guide to today’s RBA interest rate decision

The Reserve Bank of Australia (RBA) will announce its August interest rate decision this afternoon (2:30pm AEST). Given the cash rate will almost certainly remain at 1.5%, markets will turn their attention to the accompanying monetary policy statement. The bank will release a more detailed discussion of any policy changes […]
Your 10-second guide to today’s RBA interest rate decision
Markets

Tech stocks in China are getting hammered again

Stocks in China are on track for their fourth straight day of falls, despite bouncing off intra-day lows after the lunchbreak. Selling has been focused on the tech-focused ChiNext index, which has now lost more than 7% since last Tuesday. DailyFX strategist Ilya Spivak attributed the falls to trade war […]
Tech stocks in China are getting hammered again
Markets

Australian house prices continued to fall last week

CoreLogic data showed house prices dipped again last week across Australia’s five biggest capital cities. It follows a 0.6% fall in July, which was the worst one-month result for seven years. Annual price falls in Sydney have now reached 5.5%. Australian home prices dipped again at the start of August, […]
Australian house prices continued to fall last week
Markets

Seek just flagged an asset write-down, and its shares are slumping

Shares in Seek fell by almost 10% in early trade after it announced a $178 million write-down on investments in Brazil and Mexico. The company said political uncertainty and a tough competitive environment was weighing on the outlook in those jurisdictions. Elsewhere, Seek said net profit after tax for the […]
Seek just flagged an asset write-down, and its shares are slumping
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 25,462.58 +136.42 (+0.54%) S&P 500: 2,840.35 +13.13 (+0.46%) AUD/USD: 0.7400 +0.0040 (+0.54%) ASX200 SPI futures (March contracts): 6,204 (+21) 1. US jobs data on Friday night showed the unemployment rate held near an 18-year low. But the headline jobs figure missed estimates while wage […]
6 things Australian traders will be talking about this morning
Markets

ON A ROLL: Australian retail beats for a third straight month

Australian retail sales beat expectations for the third straight month in June, with a gain of 0.4% in seasonally adjusted terms (0.3% forecast). Quarterly trade volumes were also stronger, rising by 1.2% after a gain of just 0.2% in the three months to March. Economists said the latest results are […]
ON A ROLL: Australian retail beats for a third straight month
Markets

Your 10-second guide to today’s Australian retail sales report

Australia’s retail sales report for June will be released today at 11:30am AEST. Despite challenging conditions for the industry, retail sales have been making a bit of a comeback lately, with monthly data beating expectations in April and May. This morning’s release will also include retail sales volumes for the […]
Your 10-second guide to today’s Australian retail sales report
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 25,326.16 -7.66 (-0.03%) S&P 500: 2,827.22 +13.86 (+0.49%) AUD/USD: 0.7365 -0.0039 (-0.53%) ASX200 SPI futures (September contracts): 6,213 (+21) 1. Tech stocks continued to lead US markets higher overnight, as Apple became the world’s first $1 trillion company while Tesla cost short-sellers $US1.1 billion. […]
6 things Australian traders will be talking about this morning
Markets

4 key themes to watch ahead of this year’s ASX200 reporting season

Earnings season in Australia is about to get into full swing, and ASX companies are expected to deliver earnings growth of around 9% for the 2018 financial year. Gains this reporting season are likely to be underpinned by the mining sector, UBS says. Rio Tinto announced last night that it’s […]
4 key themes to watch ahead of this year’s ASX200 reporting season
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 25,333.82 -81.37 (-0.32%) S&P 500: 2,813.36 -2.93 (-0.10%) AUD/USD: 0.7404 -0.0025 (-0.34%) ASX200 SPI futures (September contracts): 6,200 (-26) 1. As expected, the US Federal Reserve held its benchmark interest rate unchanged. The central bank noted the economy was growing at a “strong” pace […]
6 things Australian traders will be talking about this morning
Markets

Cryptos are sinking as Bitcoin’s latest rally runs out of steam

Bitcoin’s latest fall marks a decline of around 12% from last week’s highs. The price action appears to be mainly technical in nature. A professional trader told Business Insider that trader positioning and technical patterns indicate a bearish bias for Bitcoin. Crypto bears are back in control during Asian trade, […]
Cryptos are sinking as Bitcoin’s latest rally runs out of steam
Markets

Corporate Australia is worried about a pending credit crunch

A survey by consulting firm Ernst & Young shows mid-size Australian companies now see reduced access to credit as their top external risk. The latest results come in the wake of further regulatory oversight of the banking sector, led by the ongoing Royal Commission.. EY’s Rob Dalton said good regulation […]
Corporate Australia is worried about a pending credit crunch
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 25,451.06 -76.01 (-0.30%) S&P 500: 2,818.82 -18.62 (-0.66%) AUD/USD: 0.7401 +0.0023 (+0.31%) ASX200 SPI futures (September contracts): 6,225 (-26) 1. US GDP data on Friday night showed annual growth of 4.1% in the June quarter. President Trump was optimistic about further growth, but many […]
6 things Australian traders will be talking about this morning
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 25,527.07 +112.97 (+0.44%) S&P500: 2,837.44 -8.63 (-0.30%) AUD/USD: 0.7379 -0.0077 (-1.03%) ASX SPI futures (September contracts): 6,224 (+27) 1. US stocks were mixed overnight after Facebook took a historic tumble post-earnings. Automakers led European stocks higher as markets digested the possibility of cooling trade […]
6 things Australian traders will be talking about this morning
Markets

Here’s why Australia’s big banks could justify raising mortgage rates

UBS bank says higher funding costs may now be a “structural feature” of the Australian market. The bank’s Australian economics team says the big four banks would be “arguably justified” in raising mortgage rates by 0.10-0.15%. Any move by the big banks would follow other lenders including Macquarie and AMP, […]
Here’s why Australia’s big banks could justify raising mortgage rates
Markets

Here’s what we know about new Macquarie CEO Shemara Wikramanayake

Macquarie Bank announced this morning that CEO Nicholas Moore will step down on November 30 after 10 years in the role. Moore will be replaced by Shemara Wikramanayake, the current group head of Macquarie Asset Management. Wikramanayake will be Macquarie’s first female CEO. Wikramanayake had been widely tipped to replace […]
Here’s what we know about new Macquarie CEO Shemara Wikramanayake
Markets

Shares in Fairfax jump following the Nine merger announcement

Shares in Fairfax rose by more than 10% in morning trade following this morning’s merger announcement with Nine Entertainment. A short time ago, shares in the media group were up by almost 12%, after coming out of an early trading halt while executives from both companies held a conference call. […]
Shares in Fairfax jump following the Nine merger announcement
Markets

Macquarie CEO Nicholas Moore is going

Macquarie Bank announced this morning that managing director and CEO Nicholas Moore will retire in November. The Macquarie board announced an internal appointment to succeed Moore. Shemara Wikramanayake, currently the Group Head of Macquarie Asset Management, will assume the role of CEO when Moore retires. Moore will retire on November […]
Macquarie CEO Nicholas Moore is going
Markets

UBS has released its latest global bank survey and Australia now ranks last

UBS has released the results of its in-house survey of global banking analysts from Q3 2018. Australia’s banking sector was the only region to get a “very cautious” rating, below the “slightly cautious” rating for Italy, while the outlook for Japanese banks improved. In the wake of increasing trade tensions, […]
UBS has released its latest global bank survey and Australia now ranks last
Markets

Wesfarmers says Coles spin-off will be done by November

Following the announcement in March, Wesfarmers now says the Coles spinoff is scheduled for completion in November. Wesfarmers will retain a 15% interest in the separate listed entity, after initially flagging it would own up to 20%. The de-merger of Coles from the Wesfarmers conglomerate is scheduled for completion in […]
Wesfarmers says Coles spin-off will be done by November
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 25,058.12 -6.38 (-0.03%) S&P500: 2,801.83 -2.66 (-0.09%) AUD/USD: 0.7423 +0.0064 (+0.87%) ASX SPI futures (September contracts): 6,207 (-18) 1. Global markets adopted a cautious tone to end the week, as US President Trump continue to inflame trade tensions by threatening tariffs on all $US500 […]
6 things Australian traders will be talking about this morning
Markets

Here’s what a US-China trade war would mean for the Australian economy

Despite escalating US-China trade tensions, analysts from UBS and CBA said Australia should be relatively insulated in the near-term. CBA said China’s economy was big enough to weather a trade war, and Australian exports aren’t on-sold to the US. UBS said in the event of a tit-for-tat escalation, Chinese policy […]
Here’s what a US-China trade war would mean for the Australian economy
Markets

The toughest exam in finance is adding a section on crypto next year

The Chartered Financial Analyst (CFA) examination program will include cryptocurrency on the curriculum from August next year.. Bloomberg reports that the CFA included the new subject matter in response to a surge in interest. The three-stage CFA exam is known as the toughest test in finance. Chalk this up as […]
The toughest exam in finance is adding a section on crypto next year
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard Dow: 25,064.36 +44.95 (+0.18%) S&P500: 2,798.43 -2.88 (-0.10%) AUD/USD: 0.7420 +0.0001 (+0.01%) ASX SPI futures (September contracts): 6,180 (-12) 1. Oil prices dropped to three-month lows overnight, with traders eyeing a likely increase in supply over coming months as major oil producers ramp up production. […]
6 things Australian traders will be talking about this morning
Markets

How to trade a trade war: Strategists weigh in as US-China tensions mount

The next month of negotiations between the US and China will determine whether the current tensions escalate into an all-out trade war. Fund managers and strategists are shifting into safe-haven assets such as US treasuries and the Japanese yen. Fund managers and market strategists are shifting into long-term bonds and […]
How to trade a trade war: Strategists weigh in as US-China tensions mount
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 25,019.41 +94.52 (+0.38%) S&P500: 2,801.31 +3.02 (+0.11%) AUD/USD: 0.7423 +0.0017 (+0.23%) ASX SPI futures (September contracts): 6,213 (-7) 1. Global stocks were steady to end the week, as the S&P500 edged higher although markets were disappointed with the latest bank results as earnings season […]
6 things Australian traders will be talking about this morning
Markets

North Korea may be sitting on a $6 trillion resources stockpile

Research from Credit Suisse suggests North Korea could become a $100 billion economy within 10 years if it opens its borders to foreign investment. Industry experts have speculated the country may also be sitting on $US6 trillion in resources – 190 times its 2016 GDP . Recent negotiations between North […]
North Korea may be sitting on a $6 trillion resources stockpile