Investors may have certainty that US rate cuts are starting in September, but it’s unclear what economic conditions those cuts will bring. Investors are closely watching every data release and communication from central banks for a sense of clarity. The VIX Index has hit one month high. Global strategist at Rabobank, Michael Every says investors … Read more
The Chinese property crisis has led to stock piles of iron ore and finished steel products, which has sent the price of Austalia’s biggest export falling. Senior Equities adviser at Bell Potter Securities, Giuliano Sala Tenna says he’s expecting to see a correction in the industry as the price comes down closer $US80 per tonne. … Read more
Australia’s multi-speed property industry results in a confusing start to the spring selling season. Property listings are up, but demand is down, leading to a slow start in Australia’s largest cities, Sydney and Melbourne. CoreLogic’s data reveals prices have continued to rise in August, with home values increasing in Sydney (+0.3 per cent), Brisbane (+1.1 … Read more
Wesfarmers chief executive officer Rob Scott says it’s been a challenging year in the retail space and he hopes the stage 3 levy cuts will provide a bit of relief to households under pressure from higher home loan repayments and soaring rents. He spoke to The enterprise after the firm, which owns Kmart, Target and … Read more
Labelling on food you buy at the supermarket is about to get overhauled. Leading food manufacturers could soon be subject to mandatory health star ratings, more onerous labelling on packaged products and restrictions on marketing, especially to infants, under federal government changes. Unlike several other countries, Australia currently has a voluntary health star rating system … Read more
The Commonwealth economic organization says fears about borrowers falling off the fixed rate property loan cliff have largely been averted as households find work arounds in the face of higher finance charge rates. The bulk of CBA’s remaining fixed rate loans rolled on to variable rates in September last year. The Commonwealth economic organization says … Read more
00:00 The RBA Governor Michele Bullock says financial markets are a little bit ahead of themselves with their expectations of when the central lender will cut rates and the board doesn’t believe Australia is heading for a recession. The RBA kept borrowing charge rates on hold at 4.35 per cent. The Governor said no rate … Read more
$100 billion has been wiped off the S&P/ASX 200 in a single session and there are fears the losses will continue. It’s the second consecutive sell-off, with losses were spread across all sectors, but technology, financial, energy and real estate shares were hardest hit. Bitcoin also plunged. Wilson Asset Management’s Lead investment mix Manager, Matthew … Read more
The latest annual inflation data shows the cost of coverage rose 14 per cent in the 12 months to June. The impacts of climate change, smarter cars and costly repairs are part of the problem. While Australians might feel like premiums are too high, the companies which provide the cover are subsidising policies from capital … Read more
Economists say the latest inflation data takes pressure off the Reserve economic organization to hike loan charge rates in August. The annual headline figure came in as expected at 3-point-8 per cent but the quarterly underlying measure eased for the sixth quarter in a row, suggesting inflation is still trending down. Rental prices rose by … Read more