After the Bell: daily market update, March 27 | AMP Capital

  ECONOMICS & MARKETS After the Bell: daily market update, March 27 27 Mar, 2020 The ASX slumped again today, Australia is staring down the barrel of more intense lockdown measures, and quarantine looms for anyone who sets foot in the country. Today, strategist in the dynamic markets team, Brad Creighton, runs through markets for the day and what the data is telling us about how containment is tracking. While every care has been taken …

Market Update 27 March 2020 | AMP Capital

Market Update 27 March 2020 Investment markets and key developments over the past week After 30% plus falls from their highs earlier this year, share markets had a welcome rebound over the last week. While the number of coronavirus cases continues to soar and economic data beyond China is now starting to show the huge impact from the shutdowns, share markets managed to rebound because a lot of bad news had already been factored in and …

Key measures for super, social security in response to COVID-19 | AMP Capital

Key measures for super, social security in response to COVID-19 The government’s announcements on 22 March help provide support for some people impacted by the economic effect of the Coronavirus. Three of the announcements which are now law, apply to anyone with super or in receipt of social security benefits. Let’s look at what the government has to say and how the changes work. In a nutshell the changes are: Reduction in the minimum pension for …

What we’re watching in our holdings as lockdowns are rolled out | AMP Capital

What we’re watching in our holdings as lockdowns are rolled out Large parts of the Australian economy are shutting down, and we anticipate further draconian measures are on their way. This creates a substantial knock-on effect in consumer behaviour. How companies manage through the weeks and months ahead is imperative for investors to understand. It’s our view that investors with current holdings in Australian shares, or indeed people looking to start or increase their investing …

After the Bell: daily market update, March 26 | AMP Capital

ECONOMICS & MARKETS After the Bell: daily market update, March 26 26 Mar, 2020   ASX gains picked up pace today, following the US Senate passing a massive $US 2 trillion stimulus package. This news comes as hot spots for COVID-19, like NSW, are warned about further lockdown measures. We discuss this and more with AMP Capital senior economist, Diana Mousina. While every care has been taken in the preparation of this recording, AMP Capital …

The differences between the COVID-19 crisis and The Great Depression | AMP Capital

The differences between the COVID-19 crisis and The Great Depression The substantial slump in economic activity triggered by COVID-19, coupled with images of Australians queuing around the block for Centrelink payments, has made some fear The Great Depression II. The optics might be alarming, but the parallels are not particularly strong. Every Australian knows someone, or is someone, who has lost a job, a tenant, a place to live. This is an entirely unfamiliar experience …

Is Coronavirus driving a recession, depression or an economic hit like no other? What does it mean for the bear market in shares? | AMP Capital

Is Coronavirus driving a recession, depression or an economic hit like no other? What does it mean for the bear market in shares? Key points Global share markets have fallen into a bear market, but whether this turns out to be long or short depends on how long the hit to the economy from coronavirus lasts. There are big differences between the current disruption to economic activity – which could be very deep in the …

After the Bell: daily market update, March 25 | AMP Capital

ECONOMICS & MARKETS After the Bell: daily market update, March 25 25 Mar, 2020 By AMP Capital   Australians woke up to the news that they are banned from leaving the country and have to practice stricter social distancing in their personal lives. Our chief economist, Shane Oliver, weighs in on that, as well as the trading day, which saw an early surge for the ASX. Important notes While every care has been taken in the …

Retirees, COVID-19, and options on the table during a market crash | AMP Capital

Retirees, COVID-19, and options on the table during a market crash The spread of coronavirus has been followed by some of the biggest plunges in share markets since the Global Financial Crisis (GFC), both here in Australia and around the world. There’s nothing new about a market correction, but for those close to retirement it can be a nerve-wracking experience. If you’ve checked your superannuation balance over the last week, you may need a stiff …

Where to seek advice in uncertain times | Money & Life

Where to seek advice in uncertain times The COVID-19 pandemic is a global crisis and people the world over are experiencing impacts in their lives as a result. To keep your anxieties about money to a minimum, find out where you can turn for help to secure your finances and income. With the ongoing escalation of the COVID-19 crisis many people are struggling. Huge changes are happening and we’re all being affected, socially, emotionally and …