ABE Weekly 28/07/2021
ABEWeekly 28072021 Market Update “If the plan doesn’t work, change the plan not the goal” – Anonymous What a difference a week makes. At one point it looked like we were going to emerge from the current lockdown in NSW relatively unscathed, but case numbers dictated otherwise, and the lockdown has now been extended another 4 weeks. That said, economists are still very upbeat about an […]
ABE Weekly 22/07/2021
ABEWeekly 2207202 Market Update “Do or Do Not. There is No try” – Yoda This week we saw uncertainty over Australia’s immediate economic outlook increase again, as Sydney’s lock-down restrictions were tightened further and extended for at least two weeks to the end of July and based on recent stats this could be extended yet again. A clear indication of the strength of the Australian economy was […]
ABE Weekly 14/07/2021
ABEWeekly 14072021 (1) Market Update “It’s not the years in your life that count. It’s the life in your years” – Abraham Lincoln At this month’s meeting the RBA Board confirmed that the April 2024 bond would remain the target for Yield Curve Control instead of extending it to the November 2024 bond. The Board also met expectations for […]
ABE Weekly 07/07/2021
ABEWeekly 07072021 (1) Market Update “You only live once, but if you do it right, once is enough” – Mae West As we go to print the RBA has just announced it will keep interest rates on hold yet again. It also stated that it is currently committed to purchasing the April 2024 bond at 0.1% to achieve its objectives of holding down the short […]
ABE Weekly 1/7/21
ABEWeekly 01072021 Market Update “If opportunity does knock, build a door” – Milton Berle Well, we all knew it was inevitable, Westpac now expect that the RBA will begin its tightening cycle in the first quarter of 2023 with a 0.15% lift in the cash rate. That is expected to be followed by two more increases in 2023 of 0.25% each […]
ABE Weekly – 23/06/2021
ABEWeekly – 23/06/2021 Market Update “Every problem is a gift-without problems we would not grow” Anthony Robbins The May Australian employment report which showed a surprise fall in the unemployment rate from 5.5% to 5.1% will be a major influence on the path of future economic policy. It underscores the strength of momentum in the economy and endorses […]
ABE Weekly 16/06/2021
ABE Weekly 16/06/2021 Market Update “Today is a gift, that’s why they call it the present” Anonymous Things on the domestic front remain a little mixed. Westpac forecasts business investment to grow from 3.7% to 6.7% in 2021 and 5 to 5.9% in 2022. Offsetting that was a reduction in our forecast for consumer spending in 2021 from 5.8% to […]
ABE Weekly 09/06/2021
ABE Weekly 09/06/2021 Market Update “Always deliver more than expected” Larry Page, Co-Founder Google Following the release of the Governor’s statement on the June RBA Board meeting it now seems clear that the Board has no intention of extending the YCT (Yield Curve Target) bond from the April 2024 to the November 2024. Not extending YCT means […]
ABE Weekly 31/05/2021
ABE Weekly 31/05/2021 Market Update “I am the master of my fate: I am the captain of my soul.” Invictus, William E, Henley Conditions is Australia are largely unchanged since our last weekly however, the Australian National Accounts to be released on Wednesday this week, will provide an estimate of economic activity for the March quarter. The RBA meets […]
ABE Weekly 26/05/2021
ABE Weekly 26/05/2021 Market Update “What doesn’t kill you makes you stronger” Friedrich Nietzsche The Westpac Consumer Sentiment Index fell 4.8% in May. While a 4.8% fall is always going to attract attention, we should put this result in perspective. It is still the second highest print for the Index since April 2010 and does follow an 11% […]