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Economic Updates

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Economic Updates

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Quarter 3 Outlook: Coronavirus Resurgence May Threaten Recovery

The Great Lockdown and Grand Reopening The Great Lockdown in the first quarter followed by the Grand Reopening in the second quarter took the financial markets on a wild swing. Given the unprecedented nature of the various forms of lockdowns, global equities have plunged to bear levels in a very fast manner. Massive fiscal stimulus, ultra-low le...

June 30, 2020
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First Quarter: Crisis, Volatility, and Opportunities

The first quarter of 2020 was marred by unpredicted events that rattled the financial markets: Tensions between US and Iran; The extreme weather conditions across the globe as a result of climate change; The novel coronavirus; and An oil price war between Saudi Arabia, the oil kingdom, and Russia. A Trio of Crises Faced by a...

March 31, 2020
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Is Germany on the Brink of a Technical Recession?

Is Germany on the Brink of a Technical Recession? Europe’s largest economy and the world’s fourth-largest economy is at risk of going into a technical recession.  Such recession arises after two consecutive quarters of economic decline. In the second quarter of 2019, the German’s economy had contracted by 0.1% compared to a growth of 0.4% ...

November 12, 2019
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Did China Retaliate with a Currency War?

A Currency War Did China retaliate with a Currency War? Monday kicked-off with a bang with plenty of big moves in the financial markets. A risk-off sentiment prevails in the markets as dark clouds of trade tariffs resurfaced and are overshadowing the markets. Investors are awaiting for China to retaliate. However, the significant fall in the Chin...

August 5, 2019
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New UK Prime Minister Labelled “Britain Trump”

“Britain Trump” Britain has a new Prime Minister and as highly expected, Boris Johnson won the race over his opponent, Jeremy Hunt to become the new Tory leader. It was a convincing win despite the controversial headlines about Boris Johnson. Again as widely expected, we saw a few ministerial resignations following Boris’s victory: Sir ...

July 24, 2019
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Back-To-Back Interest Rate Cuts

Second Rate Cut The Reserve bank of Australia (RBA) cut interest rate by 25 basis points which marks the first back-to-back rate cut since 2012. The RBA also sets the interest rate to a record low at 1%: “Today's decision to lower the cash rate will help make further inroads into the spare capacity in the economy. It will assist with faster...

July 2, 2019
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Hong- Kong Protests Add to Market Angst

It is reported that nearly two million people joined the mass protest against the controversial extradition bill on Sunday despite the government announcing a pause in the legislation on Saturday. It is because the demonstrators do not only want the bill suspended but eliminated altogether as they fear that such law brings the territory closer ...

June 17, 2019
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European Parliament Election 2019

European Parliament Election 2019 The 2019 EU Parliament election is one of the most important ones for the bloc amid the rise of nationalism and populist parties. Brexit is also the constant reminder that leaving the EU would not be easy and the election is, therefore, providing some fresh insights on the balloting across the 28 European Union c...

May 27, 2019
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Housing Market and the Federal Election

Housing Market and the Federal Election "Labor – A fair go for Australia” “Liberal – Building our economy and securing our future” “Nationals – A strong vote for regional Australia” “Greens – A future for all of us” “The Centre Alliance – Making sure South Australia always comes first” The economy is facing fundamental...

May 17, 2019
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An Election Rate Cut?

Among the few interest rate decisions this week, the Reserve Bank of Australia stands out. The Federal election 2019 is fast approaching and analysts are debating whether a rate cut before the election is justified or not. The Rate Cut Debate The Australian economy is facing real challenges but the rate cut debate ahead of the election exubera...

May 7, 2019
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US–China Trade Gap at Record High

US-China Trade Gap at Record High Trade Deficit a Decade High- Was a Trade War Worth it? The Trade Deficit reported mid-week surprised the markets as it climbed to a decade-high. We also note that the US-China trade gap has reached a record high. It is worth thinking whether President Trump did the right thing in engaging in a trade war with it...

March 7, 2019
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Australian Housing Market

"Australians watch housing markets carefully, perhaps more so than citizens of any other country." Speaking at the Australian Financial Review’s annual business summit, RBA Governor Philip Lowe talked about the Housing Market and the Economy. The Governor spoke about: The current state of the housing market How the recent cycle is unprec...

March 6, 2019
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National Emergency

 By Deepta Bolaky President Donald Trump has declared a national emergency over the US-Mexico border swiftly after the spending bill was approved. It is not the first national emergency the US will face. Other situations of emergency were triggered by former Presidents like Barack Obama or George W Bush, but it was primarily for purposes of add...

February 18, 2019
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The Royal Commission’s Mammoth Report

The bombshell report of the Royal Commission is finally out. The report depicts how the Banking, Superannuation and Insurance industries have treated their customers and employees. It highlights the expectations that customers should be compensated, while also addressing the need for financial services that break the law to be held accountab...

February 5, 2019
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Australian Banking Industry

Australian Banking Industry The final report of the Royal Commission will be released just after the Australian market closes at around 4 PM! Hayne’s report will uncover the appalling practices and behaviour in the banking, financial services and superannuation industry. Today will be a crucial and brutal day for Australian Banking Industr...

February 4, 2019
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