St George Economics economy and finance update
SENTIMENT was weighed down by disappointing earnings results, and the rally in equity markets since the beginning of this year continued to take a breather.
SENTIMENT was weighed down by disappointing earnings results, and the rally in equity markets since the beginning of this year continued to take a breather.
THE US stockmarket had a strong session last night, with upbeat earnings from Coca-Cola and Johnson & Johnson boosting sentiment.
EQUITY markets were hit by weaker than expected economic growth in China and by weaker than expected manufacturing growth in the New York region.
THE positive mood in financial markets continued last night, which drove both the Dow and S&P500 to historical highs.
THE US Dow Jones index reached a record high overnight as optimism rose regarding the underlying health of the economy.
STATISTICS pointing towards lower than expected growth in the US saw markets decline in the US and Europe.
DESPITE mixed economic news out of the US and Europe, equities rose in both sets of markets.
RISK aversion took hold as problems in Europe remained in the spotlight.
SENTIMENT lifted on upbeat US economic data. Concerns over Europe, however, dented sentiment.
FOLLOWING Cypriot parliament’s rejection of the bailout plan with its bank deposit levy, there are reports that authorities have failed to agree to plan-B.
THE Cyprus parliament overwhelmingly rejected the controversial bank deposit levy, with 36 lawmakers voting against and none of the 56 lawmakers voting for it.
AFTER a mostly weak session in European markets, US markets responded positively to solid growth in US retail sales.
SENTIMENT was less upbeat overnight, with a surprising fall in UK industrial production and concerns about the Euro zone weighing.
SHARE markets were buoyed by a positive jobs report, which saw the Dow hit a new record high.
SENTIMENT continued to improve following China’s growth pledge, a softer EU stance on fiscal deficits and solid US services sector activity data.
SENTIMENT was bolstered by better than expected US economic data and a successful bond auction in Italy.
MINING stocks set to continue to trade cheaply, but bigger names like BHP Billiton and Rio Tinto are safest in the current market according to Ord Minnett.
MOST young people understand the importance of buying a home as soon as they can afford it, but a big obstacle is mortgage insurance.
JUNE 30th is fast approaching which means the focus will be on saving tax by making contributions to super.
INCREASING living expenses mean that many Australians who retire in the next 30 years are going to be doing it tough.
You continue to be playful and want to explore what’s on offer in your personal relationships. You may need to break some boundaries. If...