At its meeting today, the Board decided to maintain the current policy settings, including the targets for the cash rate and the yield on 3-year Australian Government bonds of 25 basis points. The global economy is experiencing a severe contraction as countries seek to contain the coronavirus. Even though the worst of this contraction has now…

Share markets up, but economic concerns remain: what’s going on? Markets have been buoyed by central bank and government support for economies. However, COVID-19 remains a threat and economies are still fragile. Bob Cunneen, Senior Economist at MLC Asset Management, discusses these points in the July Economic Update. Watch the video >>

Highlights: Since the initial outbreak, COVID-19 has spread to over 210 countries, and estimates indicate it could trim global economic growth by between 3.0% to 6.0% in 2020. Cyclical indicators including PMIs and unemployment rates remain weak but are improving, bolstering the market’s hopes of a speedy recovery. Some countries and US states reversed course…

At its meeting today, the Board decided to maintain the current policy settings, including the targets for the cash rate and the yield on 3-year Australian Government bonds of 25 basis points.   The global economy has experienced a severe downturn as countries seek to contain the coronavirus. Many people have lost their jobs and there…

Bob Cunneen, Senior Economist at MLC Asset Management, discusses the continuation of the May share markets rally in Australia and overseas in anticipation of a reopening of economies, despite COVID-19 infections accelerating in Latin America.

Highlights: Key economies have so far avoided a resurgence in COVID-19 cases, but the World Health Organisation warned it continues to spread rapidly in some regions. Liquidity conditions remain favourable as central banks and governments continue to prop up economies via monetary and fiscal easing measures. Key indicators such as unemployment and PMIs improved in…

At its meeting today, the Board decided to maintain the current policy settings, including the targets for the cash rate and the yield on 3-year Australian Government bonds of 25 basis points. The global economy is experiencing a severe downturn as countries seek to contain the coronavirus. Many people have lost their jobs and there has…

  Highlights: Shutdowns, isolation, and social distancing measures have had a profound impact on consumer-facing sectors and have resulted in large spikes in unemployment. Central banks around the world have embarked on unprecedented emergency lending and bond buying programs to combat the economic effects of the coronavirus. The Bank of England forecasts UK GDP to…

The coronavirus has had a significant impact on investment markets. Bob Cunneen, Senior Economist at MLC, discusses what to expect over the coming months.

At its meeting today, the Board decided to maintain the current policy settings, including the targets for the cash rate and the yield on 3-year Australian Government bonds of 25 basis points. The global economy is experiencing a severe downturn as countries seek to contain the coronavirus. Many people have lost their jobs and a sharp…