Highlights: In September equity and bond markets were dominated by investor concerns around the timing of the next US interest rate hike. Crude oil prices rose 8% on talks from producer countries of possible cuts to oil production levels. Chinese economic data continued to show that economic growth is being supported by strong housing construction…
October Economic Update with Bob Cunneen
By upwealth
In
Economic Update
In this update, Bob Cunneen, Senior Economist and Portfolio Specialist, reviews events in markets during September. He discusses: how European shares edged lower due to the concerns over the health of Europe’s banking system the timing for higher US interest rates being a key issue driving global markets the mild gain achieved by Australian shares,…
Statement by Philip Lowe, Governor: Monetary Policy Decision
By upwealth
In
Economic Update
At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent. The global economy is continuing to grow, at a lower than average pace. Labour market conditions in the advanced economies have improved over the past year, but growth in global industrial production and trade remains subdued. Actions by…