Weekly Market WATCh
June 21, 2019
The Australian residential price index fell by 3.0% in Q1 to be down 7.4% over the year.PDF Download PDF
Both the RBA and FOMC have signalled that rate cuts are forthcoming in both markets.
The ECB has also opened the door for further stimulus.
June 14, 2019
Weekly economic and financial market highlightsPDF Download PDF
June 7, 2019
Retail sales in Australia fell by 0.1% in April, rising by 2.8% YoY.PDF Download PDF
Real GDP rose by 0.4% (seasonally adjusted) in Q1, with annual growth slowing to 1.8% YoY.
The RBA cut the cash rate by 25 basis points to 1.25% at its June Board meeting.
May 31, 2019
Private sector capital expenditure in Australia was weaker than expected, falling by 1.7% in Q1.PDF Download PDF
Australian dwelling approvals fell 4.7% (seasonally adjusted) in April, to be down 24.2% over the year.
The official Chinese manufacturing PMI fell to 49.4 in May, indicating a contraction in the manufacturing sector.
May 24, 2019
Construction work done in Australia fell by 1.9% (seasonally adjusted) in Q1, to be down 6.1% YoY.PDF Download PDF
Governor Lowe confirmed the RBA’s easing bias, indicating that the RBA is ready to cut rates at its June meeting.
May 17, 2019
Wage price index in Australia rose by 0.5% (seasonally adjusted) in Q1, to be up 2.3% YoY.PDF Download PDF
Australia’s employment rose by 28.4k in April, with the unemployment rate rising to an eight month high of 5.2%.
Chinese activity data for April was weaker than expected, with retail sales hitting a 16-year low at 7.2% YoY, industrial production pulling back from a 4½ year low to 5.4% YoY and urban investment at 6.1% year-to-date YoY.