High inflation sends jitters through share markets Which key events have been driving markets? Watch this video with Senior Economist Bob Cunneen to find out. In this video, Bob discusses: why global and Australian shares fell in January how the global and Australian economies are performing
Market Update – February 2022
Highlights: Australia’s S&P/ASX 200 Index declined by -6.4% with significant sell-offs experienced in Information Technology (-18.4%), Health Care (-12.1%) and Consumer Staples (-9.6%). Nonfarm payrolls rose 467,000 in January, well above of expectations of a 150,000 increase. Eurozone annual inflation rose to 5.3% amid continuing high energy prices. The RBA kept the cash rate on…
Statement by Philip Lowe, Governor: Monetary Policy Decision – February 2022
At its meeting today, the Board decided to: maintain the cash rate target at 10 basis points and the interest rate on Exchange Settlement balances at zero per cent decided to cease further purchases under the bond purchase program, with the final purchases to take place on 10 February. The Omicron outbreak has affected the economy, but it…
Market Update – January 2022
Highlights: Australia’s S&P/ASX 200 Index rose 2.75% in December with strong returns across Utilities, Materials, Property, and Financials ex Property. Nonfarm payrolls rose 199,000 in December, well below of expectations of a 400,000 increase. European annual inflation rose to 5.2% amid increasing energy costs. The RBA kept the cash rate on hold at 0.1% and…
Market Update – December 2021
Highlights: Australia’s S&P/ASX 200 Index declined by -0.5% in November masking some disparate returns across sectors. Nonfarm payrolls rose 210,000 in November, well below of expectations of a 550,000 increase. Eurozone annual inflation rose to 4.9%, the highest rate since July 1991. The RBA kept the cash rate on hold at 0.1% as expected, with…
Statement by Philip Lowe, Governor: Monetary Policy Decision – December 2021
At its meeting today, the Board decided to: maintain the cash rate target at 10 basis points and the interest rate on Exchange Settlement balances at zero per cent continue to purchase government securities at the rate of $4 billion a week until at least mid February 2022. The Australian economy is recovering from the setback caused by…
November Economic Update – Bob Cunneen
Which key events have been driving markets? Watch this video with Senior Economist Bob Cunneen to find out.
Market Update – November 2021
Highlights: Australia’s S&P/ASX 200 Index had a moderate decline of -0.10% in October. Nonfarm payrolls rose 531,000 in September, well above of expectations of a 450,000 increase. Eurozone GDP expanded 2.2% in Q3, slightly ahead of expectations of 2.1%, with the annual rate sitting at 3.7%. The RBA kept the cash rate on hold at…
Statement by Philip Lowe, Governor: Monetary Policy Decision – November 2021
At its meeting today, the Board decided to: maintain the cash rate target at 10 basis points and the interest rate on Exchange Settlement balances at zero per cent continue to purchase government securities at the rate of $4 billion a week until at least mid February 2022 discontinue the target of 10 basis points for the April 2024…
Market Update – October 2021
Highlights: The Australian share market fell 1.9% in September, ending an impressive 11 month run of gains. Nonfarm payrolls rose 194,000 in September, the lowest so far this year, falling well short of expectations of a 500,000 increase. Eurozone economic sentiment rose to 117.8, supported by optimism from consumers and the construction sector. The RBA…