The Pulse Some indicators point to a heightened risk of recession in the US, but for now inflation remains slightly above target and wages are still expected to rise. The global downturn in manufacturing is deepening, although the services sector remains a bright spot, supported by consumer spending. UK prime minister Boris Johnson remains hamstrung […]
Market Update – September 2019
The Pulse The US economy remains supported by robust consumer spending and jobs growth, but trade uncertainty is having a negative effect on business investment. Markets strongly expect the US Fed to lower interest rates at its September meeting as Powell stated the Fed would “act as appropriate to sustain this expansion.” The UK’s new […]
2019-20 Federal Budget Summary
The 2019-2020 Federal Budget (Budget) has been delivered with Treasurer Josh Frydenburg announcing a ‘back in the black’ Budget, supporting a stronger economy and secure future for Australia. Frydenberg’s first Budget focuses on reducing the tax burden for the majority of working Australians, greater superannuation flexibility for retirees and a one-off energy relief payment for […]
Market Update – March 2019
The Pulse The US economy is generally performing well, although recent GDP and PMI figures indicate growth is slowing, and February’s payroll numbers disappointed. Much of the bad news coming from China appears to have been priced in, with markets largely unperturbed by the latest downward move in China’s growth target. Markets appeared satisfied with […]
Market Update – February 2019
The Pulse Fears of slowing growth momentum in the US and China are creating a sense of urgency for both countries to resolve the trade dispute The possibility of a further US government shutdown over border control is adding to uncertainty and downside risks to the economy The Australian residential property market continues to weaken, […]