Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses home prices. Key points:CoreLogic data showed national average home prices rose 0.8% in May, their strongest rise since last October.The housing market remains remarkably resilient with the housing shortage and still solid jobs market providing support, offsetting the downwards pressure on prices […]
Two interest rate moves are up for decision this week: US jobs data for May, Chinese trade data (also for May), and Australian economic growth for the first quarter. Additionally, the start-of-the-month surveys of global manufacturing are underway. China’s official survey showed a surprise dip in manufacturing and service sector activity on Friday. The Bank
Interest rate decisions, economic data, and election results dominate global news Read More »
Big week ahead for the Australian economy and markets. The first-quarter economic growth will be out midweek, but before then, the 2024 National Wage rise will be revealed later today (Monday). That will likely see a smaller rise than the 8.65% increase last year and a 5.7% rise in minimum wages. The National Wage decision
A pivotal week awaits Australia’s economy and markets Read More »
So where do markets go on the first day of the new month (and for many companies, the final month of the second quarter and the 2023-24 financial year)? Those investors who followed the old market adage of selling in ‘May and going away’ (for the northern summer until early September) missed a month of
May ends with mixed results amidst inflation uncertainty Read More »
Gold had a fourth straight monthly gain in May, and its supporters think it will gain again in the coming days, particularly during the first trading week of June. This is trading off the back of the final inflation report for May, which was released on Friday and left us none the wiser about the
Gold sees fourth consecutive monthly gain Read More »
