ThreeSixty Research Market Update – October 2019

  Highlights: 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…

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ThreeSixty Research Market Update – September 2019

Highlights: 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 prime…

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Chart of the week: Australia's economy is still in the slow lane

Bob Cunneen, Senior Economist and Portfolio Specialist Sources: Opening Statement to the House of Representatives Standing Committee on Economics RBA Governor Philip Lowe, 9 August 2019, and Datastream.  The Australian economy is still dawdling along in the slow lane. Australia’s real economic growth was only 1.4% for the year to June 2019 (red line). Consumer spending…

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Monetary Policy Decision – Statement by Philip Lowe, RBA Governor, September 2019

At its meeting today, the Board decided to leave the cash rate unchanged at 1.00 per cent.   The outlook for the global economy remains reasonable, although the risks are tilted to the downside. The trade and technology disputes are affecting international trade flows and investment as businesses scale back spending plans due to the increased uncertainty….

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ThreeSixty Research Market Update – August 2019

  Highlights: Central banks have engaged in a policy reversal in response to weaker economic growth and the uncertainties associated with the US-China trade conflict. US inflation has inched higher, but core CPI measures and sluggish wages growth still point to spare capacity in the labour market. The UK’s new prime minister Boris Johnson will…

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