MLC Australia Senior Economist Bob Cunneen speaks to MLC Portfolio Specialist Sinead Rafferty, CFA about the end-of-2019 market rally and rise in the Aussie dollar, and global uncertainty for 2020.

  Highlights: Markets have reacted favourably to the prospect of a ‘phase one’ trade deal between the US and China, which would involve a roll-back of tariffs. Positive developments on the trade front would come at the right time for the US economy, which has suffered from a deterioration in business confidence and investment. The…

  MLC Australia Senior Economist Bob Cunneen speaks to MLC Portfolio Specialist Sinead Rafferty, CFA about another month of strong performance in global share markets, buoyed by optimism about the Phase 1 trade deal between the US and China.

At its meeting today, the Board decided to leave the cash rate unchanged at 0.75 per cent. The outlook for the global economy remains reasonable. While the risks are still tilted to the downside, some of these risks have lessened recently. The US–China trade and technology disputes continue to affect international trade flows and investment as businesses…

Which key events have been driving markets? Watch this video of Senior Economist Bob Cunneen in discussion with Portfolio Specialist, Sinead Rafferty.

Highlights: In the US, trade-exposed sectors are suffering as a result of the trade conflict, but the consumer sector appears to be holding up well. Economic activity in the eurozone weakened during the September quarter as outgoing ECB president Draghi warned euro-area fiscal policies were insufficient. The UK parliament agreed to a general election on…

  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…

At its meeting today, the Board decided to lower the cash rate by 25 basis points to 0.75 per cent.   While the outlook for the global economy remains reasonable, the risks are tilted to the downside. The US–China trade and technology disputes are affecting international trade flows and investment as businesses scale back spending plans because of…

Which key events have been driving markets? Watch this video of Senior Economist Bob Cunneen in discussion with Portfolio Specialist, Sinead Rafferty. September Economic Update – view video >>

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…