Global Markets Global equities enjoyed another positive week thanks largely to confirmation that the US and China will engage in another round of trade talks next month. Bond yields pushed higher and gold eased as ‘risk-on’ sentiment tentatively prevailed in markets. Despite weakness in global manufacturing data, service sector surveys in both Europe and the
0 Comments
News overnight that the United States and China would resume trade talks has understandably lifted the spirits of global investors. To my mind, the new twist in the trade saga may well suggest one thing: Trump has conceded defeat. Why would Trump cave? Because of the growing signs that the trade war has inflicted “friendly
0 Comments
Reading time: 5 minutes Key Market Trends – trade tensions return August saw a return to ‘risk-off’ sentiment in global markets, reflecting a resumption in US-China trade tensions, growing signs that these tensions are impacting on global growth (especially in Asia and Europe) and related fears associated with the renewed inversion of the US yield
0 Comments
Reading time: 5 minutes Given the ongoing trade war and slowing global growth, many investors are understandably concerned about the market outlook. While I feel a ‘doomsday’ scenario is unlikely anytime soon, this note nonetheless considers what investment options might be of interest to those investors who hold grave concerns – and are seeking portfolio
0 Comments
Global Markets Inversion of a key US yield curve measure (the gap between US 10-year and 2-year Federal Government bond yields) sent jitters through Wall Street last week, as did further signs of softer economic growth in Europe and China. The global stock pull back continued as did the rally in bond and gold prices.
0 Comments
Global Markets Global equities remained on the back foot last week as the previous week’s US decision to levy additional tariffs on China was quickly met with Chinese retaliation. China’s decision to let it’s currency weaken through the “psychological” level of 7 Yuan per $1US dollar unnerved markets – as did its ban on the
2 Comments
Comments following RBA Governor Phillip Lowe’s speech Governor Lowe’s speech* can be taken as a strong defence of not only the current inflation-targeting regime, but also the current inflation target band of 2 to 3 % over the medium term. The Governor suggests that to change the band would 1) undermine longer-term central bank credibility
0 Comments
Reading time: 5 minutes The election of Boris Johnson as the U.K.’s new Prime Minister has heightened Brexit concerns. As this note will demonstrate, however, these concerns have already been at least partly priced into the U.K.’s FTSE-100 Index – and perhaps unduly so given the global orientation of its most highly-weighted companies. Exposure to
2 Comments
The highlight of the coming week will no doubt be Thursday’s labour force report. Given the notorious volatility in monthly employment changes, the single best measure of labour market trends remains the unemployment rate. As seen in the charts below, the unemployment rate has been broadly trending lower since late-2014, which has been consistent with
0 Comments
The equity market is (relatively) cheap! The extra-ordinary decline in local bond yields has now left the Australian equity market relatively cheap compared to bond markets. Despite the S&P/ASX 200’s price-to-forward earnings ratio reaching a relatively high 16.1 at end-June (compared to an average of 14.2 since 2002), slumping bond yields have caused the so-called
1 Comment
Australian Shares
Equity Income
Technology
Ethical
Managed Risk
Short
Commodity
Geared
International Shares
Global
Regional / Country
Sector
Property
Cash & Fixed Income
Global Sectors
Hybrids
Currency
Active