Steady as she goes: what’s driving the Australian economy?

Despite sluggish overall growth reported in the National Accounts, a range of more partial indicators suggest the Australian economy is enjoying reasonable – though not robust – growth from a diversified range of sources.  Continued moderate growth and low inflation appear the most likely outcome over the coming year, which would be consistent with steady

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Fire and Fury

Global Markets Review & Outlook The global highlight last week was an intensification of the war of words between America and North Korea, which saw US stocks pull back from record highs despite ongoing positive economic data and earnings results.  Gold, the Japanese Yen and Swiss franc appeared to be the world’s favoured safe havens

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Dow hits record

Global Markets Review & Outlook Last week global markets were again fairly subdued, though the Dow Jones did touch a record high helped by ongoing solid US earnings reports, particularly from Apple. US economic data remained market supportive, indicating reasonable growth and low inflation. While US payrolls surprised on the upside, annual wages growth remained

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America’s Goldilocks Economy

Global Markets Review & Outlook It was a fairly flat week across global markets, with US stocks still flirting with record highs, the $US on the back foot, and bond yields still largely range-bound. The big market move was a solid 8.6% rebound in oil prices after Saudi Arabia pledged to cut exports in order

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US Earnings to the Rescue?

Trepidation over the pace of central bank tightening remained the major global market theme last week – and the question of whether central banks tighten policy even if inflation remains below target is shaping up to become an important issue in coming months. Reflecting these concerns, bond yields pushed higher last week and equity markets

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