Finance News
Brace yourself for a shock when the Reserve Bank meets next Tuesday. Here’s why: The GDP number announced yesterday was 0.8%, far higher than economists predicted for the March quarter. That, coupled with the soaring cost of living thanks to Vlad The Impaler’s war in Ukraine driving energy and food prices up, and…
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Have you felt the pain at the petrol bowser yet? Blame Vladimir Putin. The Russian President’s invasion of Ukraine is already having global impacts. While Ukrainians suffer through the very real fear and danger of missiles raining down on them, the rest of the world has also started wearing the consequences, as the sanctions…
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The floods in NSW and QLD are beyond devastating, with flood waters in some cases up to 15 metres. Unthinkable really, and our thoughts and prayers are with our neighbours in the north. However, we’re a nation that’s used to natural disasters, from floods, to storms, to bushfires. And the conversation that often arises when these…
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The unrest around Russia and Ukraine has given investors that much more to be worried about. With the increase in global sanctions, the market is now pricing in higher energy prices and seeing significant risk aversion. This has been highlighted by the Nasdaq which has now tumbled more than 15% so far this year, while the S&P500…
Read the rest of the entry »Whilst I am not a regular watcher of the show one fund manager has described the 2016 year as an epic battle that could have been fought on Game of Thrones. What has been demonstrated time and time again is that having the largest army doesn’t mean you’ll win the war. The rulers of various kingdoms have…
Read the rest of the entry »I, like many investors were very happy to see the back of last week. Last weeks declines of 4.2% to the Australian share market took our markets year-to-date losses to 10%. And yes we are officially 20% from our recent highs which means we are in a bear market. However share market declines of 20%…
Read the rest of the entry »The market has had its worst start to a year since 2008. Local shares have slumped 5% per cent in January, with weakness from China (which has lost a quarter of its value this month) acting as a catalyst for local losses. Australia sells a third of its goods and services to China each year.…
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Australia As the peak in mining investment draws near, the Reserve Bank of Australia (RBA) cut the official cash rate in an attempt to stimulate the non-mining sector of the economy and provide support to the broader economy. There is a strong possibility of further rate cuts in 2013 because we expect GDP to expand…
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