Australian exports to East Asia
NAB surveyed Australian business integration with East Asia in September 2014 and China in December 2015. Recent headline trade data indicate a reversal in the decades-long process of growing integration with our region as exports have declined. Read more
US Economic Update, 2016Q1 GDP
Quarterly U.S. Gross Domestic Product (GDP) growth slowed to a weak 0.1% qoq, or 0.5% annualised in the March quarter. As the same quarter last year was also weak, there was little change in the over-the-year growth rate which has been around 2% for the last three quarters. Read more
Markets Today: One bad apple amongst the thundering silence
For US equities, it was a case of one bad apple in the bunch with investor Carl Ichan stating he sold his stake in Apple. Read more
NAB SME Business Survey – March 2016
Business conditions unchanged at +3, slightly below the long-run average. Business confidence eased to the neutral mark in the March quarter. Read more
NAB Online Retail Sales Index: in depth report – March 2016
Australian consumers spent an estimated $19.3 billion online in the past year, primarily on homewares, groceries, media and fashion. According to National Australia Bank’s (NAB) latest Online Retail Sales Index in-depth report, online spending increased 12.4% over the last year. Read more
Markets Today: Down down (prices are down)
So it is that following yesterday’s CPI report, NAB altered its 3 May RBA call to now expect a 25bs reduction in the Cash Rate (to 1.75%). Read more
RBA view change: low CPI to see a 25bps cut in May
Today’s CPI produced the lowest quarterly and annual rates of core inflation recorded since the RBA commenced inflation targeting - and rates that are starting to diverge below the lower end of the Bank’s target band. Read more
NAB Quarterly Australian Commercial Property Survey Q1 2016
Sentiment in Australian commercial property markets softened a little, but remains well above long-term average levels. Despite some pull back, CBD hotels and office markets continue leading the way, with NSW still at the forefront by state and WA floundering. Read more
Markets Today: Bend me, shape me
While the market is very sensitive to the CPI and the AUD and rates markets might see an immediate knee-jerk reaction, the market is not hanging on this number as one that might swing the RBA into action or inaction at upcoming meetings. Read more
Australian Markets Weekly – 26 April 2016
Tomorrow’s CPI will be another low print but unlikely to sway the RBA into easing monetary policy given the continued resilience in the non-mining economy. NAB’s forecast for the March quarter CPI is for Australia’s official inflation rate to be 1.6% y/y (after 1.7% in Q4), the sixth quarter below the 2-3% official RBA target range. Read more
NAB Charitable Giving Index: Indepth report – 12 months to February 2016
A resilient economy, solid employment growth, strong household consumption and lower levels of consumer anxiety helped support the charity sector and the ongoing generosity of Australians. Read more
Markets Today: Stay
The Eurostoxx 50 ended 0.75% down and the S&P 500 -0.18%. Read more
