ABX Weekly 21/08/2019
ABX Weekly 21/08/2019 Market Update Analysing the recently released minutes of the RBA’s Monetary Policy meeting in August we can see that the Board has grown more concerned over the outlook of global growth. Notably, comments of: “trade and technology disputes had increased the downside risks to the global outlook”, “uncertainty around trade policy had […]
ABX Weekly 14/08/2019
ABX Weekly 14/08/2019 Market Update Global markets saw a volatile week as equities attempted to recover from the plunge following the Chinese Yuan drop in response to the tariffs imposed by the US. The S&P 500 index gave back early week losses as investors shifted their focus to global growth as central banks move to […]
ABX Weekly 31/07/2019
ABX Weekly 31/07/2019 Market Update Tempered risk-off sessions this week as equities succumbed to a mixed bag of corporate earnings and continued speculation that a trade deal will be finalised between the US and China remains elusive. All this underpinned by growing no-deal Brexit concerns forcing the British pound lower yet again and a looming FOMC meeting which has the market in a very cautious sentiment. Markets […]
ABX Weekly 24/07/2019
ABX Weekly 24/07/2019 Today RBA governor Philip Lowe gave a keynote speech titled Inflation Targeting and Economic Welfare Here are the key points: RBA governor Philip Lowe says the board is prepared to cut interest rates further if the economy does not grow fast enough “It is highly unlikely that we will be contemplating higher interest […]
ABX Weekly 17/07/2019
ABX Weekly 17/07/2019 Market Update Good morning, US equities fell after US President Trump said he could impose more tariffs on China. US interest rates and the US dollar rose after strong US retail sales data. The combined news sent AUD/USD and NZD/USD lower. The AFG mortgage index for June 2018 released a week ago is showing emerging […]
ABX Weekly 10/07/2019
ABX Weekly 10/07/2019 Market Update An example of a once considered abnormal circumstance but now viewed as being normal is the prevalence of negative-yielding bonds yields. Thought to be an outlier phenomenon limited to Japan, has now become a common sight around the globe. By the end of May 2019, an astounding 21% of all […]
ABX Weekly 5/07/2019
ABX Weekly 05/07/2019 Market Update A ceasefire between the US and Australia’s biggest trading partner, China, is a positive in that it should keep our strong export story going. This is with a weak currency, robust demand, and supply-side constraints already acting as tailwinds, particularly for the likes of iron ore. Indeed, the Department of […]
ABX Weekly 26/06/2019
ABX weekly 26/06/2019Market Update US President Donald Trump’s announcement of sanctions on Iran’s supreme leader, Ayatollah Ali Khamenei, seem to be a tactic aimed at annoying Iranians rather than doing any real damage to the country’s already battered economy. If that was the idea, it has been a complete success, with state media saying the move […]
ABX Weekly 05/06/2019
ABX weekly 05/06/2019 Market Update The Reserve Bank of Australia (RBA) has lowered the official cash rate in their June meeting by 0.25% to record lows of 1.25%. The move breaks a 34-month streak of no movement to allow the stimulus to the Australian economy. The RBA has cited concerns on the lack of global […]
ABX Weekly 29/05/2019
ABX weekly 29/05/2019 Market Update The White House is seeking to cast its tariff net wider, potentially eyeing countries deemed to have undervalued currencies. The latest proposal would let U.S. companies seek anti-subsidy tariffs on imports from nations the Treasury Department finds to be engaged in competitive devaluation of their currencies. While no nation currently […]