Which key events have been driving markets? Watch this video of MLC’s Senior Economist Bob Cunneen in discussion with Head of Investment Communications Jason Hazell.

Highlights: Perhaps paradoxically, February’s market turmoil was a response to signs that the global economy is reducing slack. US employment and wage indicators led investors to take a more “inflationist” view, with a rise in yields pre-empting future Fed tightening. Price pressures in Europe also appear to be picking up, with PMIs pointing to stronger…

At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent. The global economy has strengthened over the past year. A number of advanced economies are growing at an above-trend rate and unemployment rates are low. Growth picked up in the Asian economies in 2017, partly supported by increased international trade….

26 February 2018 Bob Cunneen, Senior Economist and Portfolio Specialist Australian manufacturing vs global surveys View larger imageSources: Australian Industry Group (AIG) Performance of Manufacturing Index (PMI) Markit Economics for Purchasing Managers Index Australia’s manufacturing sector has struggled over recent years with intense global competition. Factory closures and large job losses were all too common…