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Economy
Coronavirus Takes a Toll on Global Markets
February 27, 2020 02:29 PM AEDT| By Team Kalkine MediaThe recent outbreak of the Chinese pandemic is wreaking havoc not only in China, but across the world. Some researchers opine that the Covid-19 epidemic could become a major disrupting pandemic of the globalisation era, reigniting doubts over the ste...
Investors Flock to Safe Haven Amidst Coronavirus Concerns, Tech Stocks Crashes
February 26, 2020 05:36 PM AEDT| By Team Kalkine MediaThe coronavirus epidemic has become a threat to global economic growth. As per the recent report released by the World Health Organisation, in the last 24 hours, 715 new cases of COVID-19 have confirmed (as on 24 February 2020). With this, the total...
Disappointing PMI Readings Add To COVID Woes
February 25, 2020 05:56 PM AEDT| By Team Kalkine MediaCoronavirus outbreak has become a significant source of disruption for the global economy. More than 76,000 people in 27 countries have been affected by COVOD-19, that originated in Wuhan, China. China’s share of world GDP in PPP terms is 19.7...
New Economic Perils: Jobless Rate Jumps To 5.3%
February 24, 2020 04:44 PM AEDT| By Team Kalkine Media2019 has been a tough year for the Australian economy with subdued economic activity, low inflation, the downturn in the property market and US-China trade disputes. However, it is noteworthy that the second half of 2019 generated a positive momentum...
Sluggish Wage Growth in Dec’19 Quarter Raises Expectations of Another Rate Cut
February 19, 2020 06:49 PM AEDT| By Team Kalkine MediaAustralian labour market seemed to be in a state of bliss after ABS reported an unanticipated fall in the Dec’19 unemployment rate last month; however, the recent wage growth statistics reveal the market is still under high pressure. T...
Highlights Of The NAB Business Survey
February 14, 2020 11:28 PM AEDT| By Hina ChowdharyNational Australia Bank Limited (ASX: NAB) has released its Monthly Business Survey for January 2020, painting a picture broadly similar to that at the end of 2019. In overall terms, the survey indicates that there was no noticeable deterioration des...
Australian Property Market Getting a Second Wind
February 12, 2020 05:31 PM AEDT| By Team Kalkine MediaIt seems the good days are back for the Australian property market, which has been struggling with lower dwelling values in the last few years. Last year this time, the market experts were projecting a huge property market slump in Australia by the e...
RBA Stays Optimistic Over Economic Outlook, Considers Coronavirus Outbreak a Near-Term Risk
February 07, 2020 11:10 PM AEDT| By Kunal SawhneyThe RBA’s announcements have surely captured all the attention this week, with investors keeping a close eye on its monetary policy decision and economic outlook for the year 2020. Just three days after keeping the interest rates on hold at 0.7...
RBA's rate cut cycle - Where do we stand and what it means for consumers
February 07, 2020 05:25 PM AEDT| By Team Kalkine MediaIn the last few days, the Reserve Bank of Australia has been on the spotlight, with monetary policy decision, monetary policy statement and an appearance of Mr Philip Lowe at the House of Representatives Standing Committee on Economics. The central...
Retail Turnover and Trade Surplus Plummeted in December 2019
February 06, 2020 11:14 PM AEDT| By Kunal SawhneyJust two days after the RBA kept the interest rates unchanged at 0.75 per cent considering the strength of the Australian economy, the recently released retail sales and trade surplus data is providing a volatile outlook for 2020. The ABS has recent...
RBA Keeps Interest Rate Unchanged at 0.75%, Decision Largely in line with Market Expectations
February 04, 2020 09:25 PM AEDT| By Team Kalkine MediaIn line with the market expectations, the Reserve Bank of Australia (RBA) has kept the interest rates on hold at 0.75 per cent in its first meeting of the year 2020. Financial markets were pricing a 20 per cent chance of the rate cut in February, aft...
ASX Sinks 1.4% amid Aggravating Concerns over Coronavirus Outbreak
February 03, 2020 11:23 PM AEDT| By Team Kalkine MediaOver worries of an economic downturn from the fast-spreading coronavirus, the Australian share market has slumped by as much as 93.9 points or 1.4 per cent on its first trading day of February 2020. Materials and energy sectors were the worst-hit, th...
Apple Saves NASDAQ from the Coronavirus Dip
January 30, 2020 02:45 PM AEDT| By Team Kalkine MediaS&P 500, which closed at 3324.54 on 24 January 2020, reported a sudden downfall, reaching 3243.63 on 27 January 2020, representing a fall of 2.43%. The sector was strongly impacted on Monday, 27 January 2020 because of the exposure concerns relat...
US stocks deliver positive performance led by Apple and Tesla; Market negates coronavirus fear
January 30, 2020 02:00 PM AEDT| By Team Kalkine MediaNASDAQ Composite, Dow Jones Industrial Average (DJIA) and S&P 500 – the three major indices - ended 29 January 2020 broadly in line with the previous day’s close. While NASDAQ Composite moved up marginally with a return of 0.059%, DJI...
Better-Than-Expected Inflation Figures Lower Expectations of February Interest Rate Cut
January 29, 2020 11:20 PM AEDT| By Team Kalkine MediaThe probability of an interest rate cut by the RBA in February 2020 substantially falls following the release of the better-than-expected consumer price index for December 2019 quarter by the ABS. The odds of 25 basis points rate cut next month has s...
ASX Ends the Week in Positive Territory; What’s Ahead for Investors?
January 24, 2020 11:50 PM AEDT| By Team Kalkine MediaWith not even a month passed of the new year, the S&P/ASX 200 index has surprised investors with its performance over the last few days, particularly this week. From observing a record high level of 7,133 points to experiencing the worst day of 2...
Rate Cut Projections Drop Considerably Amid an Unexpected Fall in Unemployment Rate
January 23, 2020 11:07 PM AEDT| By Hina ChowdharyThe year 2019 presented several speedy bumps to the Australian economy amidst subdued inflation, weak consumer demand, downturn in the property market, the US-China trade war, shaky economic growth and slow growth in household disposable income. Howe...
Travel Stocks impacted by Coronavirus: A look at Global and Australian Stocks
January 23, 2020 10:45 PM AEDT| By Team Kalkine MediaFirst detected by the Chinese officials on 31 December 2019 in Central China’s Wuhan city, a new strain of coronavirus (2019-nCoV) has been spreading rapidly with at least 17 reported deaths and ~570 people infected by the virus within China. A...
Australian Dollar Cheers Unemployment Data Amidst Tremendous Pressure This Year
January 23, 2020 09:59 PM AEDT| By Kunal SawhneyWith the encouraging unemployment data crushing the February rate cut expectations, AUD slightly inched up today. AUD/USD rose by 0.5 % to $0.6877 after ABS released jobs data showing an unexpected dip in December unemployment figure. According to...
IMF Downgrades Global Growth Forecast to 3.3 per cent for 2020
January 22, 2020 10:51 PM AEDT| By Team Kalkine MediaRevising down the global growth projection, the International Monetary Fund (IMF) is now estimating the world economy to rise by 3.3 per cent in 2020, 0.1 per cent below the forecast provided in the October 2019 World Economic Outlook (WEO). In addi...
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