Market Update 14 May Source: Bloomberg, FXStreet, AMP Capital Investment markets and key developments over the past week Share markets fell over the past week as US inflation data for April came in far stronger than expected raising fears of an earlier Fed tightening, before a rebound later in the week – partly helped by softer US retail sales which took some pressure off bond yields – pared losses. So, despite the sharp fall earlier in …
2021-22 Federal Budget roundup As the COVID economic landscape continues to take shape, Australian Federal Treasurer Josh Frydenberg has handed down the 2021-22 Federal Budget. Among the proposed changes, he announced continuing tax relief for lower earners, help for older Australians to save for retirement and more assistance for first home buyers. Read on for a round-up of the proposals, and a look at how they might affect your household expenses and financial future. Remember, at the moment these are just …
The 2021-22 Australian Budget – spending the growth windfall to further grow the economy towards full employment Key points The Government now expects the Federal budget deficit to peak at $161bn this financial year (down from $214bn in October’s Budget) and fall to $107bn in 2021-22. The windfall to the budget from stronger growth is being spent on extra stimulus. Return to budget surplus looks more than a decade away. Key measures include more spending …
ECONOMICS & MARKETS APR 21 – Federal Budget & global markets update After a historical Federal Budget spending spree in 2020, what impact will the 2021 Budget have on the recovery? In this webinar Shane Oliver, Chief Economist & Head of Investment Strategy will give an update on the 2021 Budget: 12 May, 2021 By Dr Shane Oliver Head of Investment Strategy and Economics and Chief Economist, AMP Capital Sydney, Australia Important information While every …
Market Update 07 May Investment markets and key developments over the past week Share markets mostly rose over the last week helped by good earnings and dovish central banks. US, European and Japanese shares rose but Chinese shares fell. Helped by the positive global lead and a dovish RBA the Australian share market also rose making a new recovery high with very strong gains in materials, energy and financial stocks. While the ASX200 has …
The return of geopolitical risk? – what to watch over the remainder of 2021 Key points Geopolitical issues generate much interest but don’t necessarily have a significant impact on markets. But geopolitical risks are higher than prior to the GFC reflecting three big themes: a populist backlash against economic rationalist policies; the falling relative power of the US; and the polarising impact of social media. After a lull following the transition to President Biden, key …
Market Update 30 April Investment markets and key developments over the past week Share markets were mixed over the last week with US shares rising to new record highs helped by good economic data, strong earnings and more stimulus and Chinese shares rising but European and Japanese shares fell. Australian shares also fell back slightly as the local market continues to work off technically overbought conditions after its early April surge. Weakness in retailers, …
Market Update 23 April 2021 Investment markets and key developments over the past week Share markets generally fell over the last week with first worries about the resurgence in global coronavirus cases and then reports that President Biden will propose a doubling in capital gains tax for high income earners weighing on markets. Although Chinese shares managed to rise from a double bottom after sharp falls since February, US, European and Japanese shares fell. Despite the …
Three reasons why the long-term bull market in Australian house prices may be getting close to the end Key points Australian home prices are currently in a cyclical upswing which likely has further to go into 2022. However, the longer-term bull market, that has seen above trend growth in property prices since the mid-1990s, may be close to an end as the long-term decline in interest rates bottoms out, property undersupply swings towards oversupply & …
Market Update 16 April 2021 Investment markets and key developments over the past week While Japanese and Chinese shares fell again over the last week, US and European shares pushed higher helped by good economic data, a strong start to the US earnings reporting season, ongoing dovish comments from the Fed and tame bond yields. Reflecting the strong US lead, strong local data on confidence and jobs and a bit of catch-up Australian shares rose to …
