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…

Highlights: Large-scale fiscal and monetary stimulus is being deployed by countries around the world as governments confront the extent of the economic impact of the coronavirus. Oil markets were thrown into disarray after failed talks between Russia and Saudi Arabia resulted in a price war that threatens US shale oil producers. The Australian government has…

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 reaffirmed the targets for the cash rate and the yield on 3-year Australian government bonds of 25 basis points, as well as the other elements of the package announced on 19 March 2020. The coronavirus remains first and foremost a very major public health issue, but it is also having very…