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Economy
Mixed bag for APAC markets on Australia, Japan macros
April 28, 2021 03:06 PM AEST| By Furquan MoharkanSummary Asian markets witness mixed bag on Japan, Australia economic data Australian markets are the second-best performers in APAC today The MSCI APAC is down 33 bps The Asia Pacific (APAC) stocks were a mixed bag on Wednesday as investo.....
RBNZ To Advise Government on Debt-to-Interest Ratios By May End
April 28, 2021 01:11 PM AEST| By RomaSummary The RBNZ is set to make announcements on DTI restrictions and interest-only loans in late May. The government was expected to make an announcement in this regard in its May 5 Report. The government urged the RBNZ to keep in mind housin.....
Unemployment Numbers Could Increase by ~150K after the end of JobKeeper
April 28, 2021 12:07 PM AEST| By Team Kalkine MediaSummary Approximately 150,000 more people could be looking for work following the rollback of end of JobKeeper. As of April, the standard JobSeeker payment has fallen from AU$715.70 to AU$620.80 per fortnight for single people and from AU$660.8.....
NZ Dollar Gains As Fed Is expected to Keep its Dovish Stance
April 27, 2021 05:47 PM AEST| By ManikaSummary Despite some economic recovery, Federal Reserve is set to keep its monetary policy stance unchanged Fed feels that although there is a good economic backdrop, the inflation and maximum employment targets are still way off. The NZ dolla.....
COVID-19 impact: Australia’s total tax collection falls in 2019-20
April 27, 2021 03:59 PM AEST| By Team Kalkine MediaThe total taxation revenue collected in Australia declined in 2019-20 due to the negative impact of the coronavirus pandemic. The total tax collection fell by A$8.0 billion or 1.4% on the previous year, according to the data by the Australian Bureau...
Where The Future Lies For NZ House Prices
April 26, 2021 04:36 PM AEST| By Team Kalkine MediaSummary House prices in NZ have soared 24% in March 2021. RBNZ expect property prices to slow down after housing initiatives taken by the government. Kiwibank and Westpac expects house prices to fall going ahead. House prices are expected.....
Indians lead the surge in migrant workers in Australia
April 25, 2021 01:30 AM AEST| By Furquan MoharkanThe number of Australians who were born in India have doubled in the past decade, as overseas-born population in the country touched a 127-year high of 29.8% at the end of June 2020. Even as COVID-19 curtailed the movement of people across the natio...
Australian property market going wild: Boom or Bubble?
April 25, 2021 12:45 AM AEST| By Team Kalkine MediaSummary Real estate prices have risen at a rate unseen in over three decades in some regional areas of Australia. Discussions are on the table to improve construction reforms currently in place to reinforce the production of more resilient and .....
Is Australian Property Market Getting out of Control?
April 25, 2021 12:33 AM AEST| By Team Kalkine MediaSummary Australian housing prices have increased faster than the wages and inflation level in the economy. RBA maintains a passive stance as it continues to monitor the situation from afar and advocated for increased infrastructure to pull down.....
Is there any bubble-like scenario in Australia’s property space?
April 24, 2021 02:52 AM AEST| By Team Kalkine MediaSummary The Australian housing market is experiencing a significant price boom, driven by low interest rate and relaxed mortgage lending. The runaway price boom has increased difficulty for the first home buyers to purchase the property.&.....
How School Zone Alterations Could Influence Auckland house prices
April 24, 2021 01:10 AM AEST| By Team Kalkine MediaSummary REINZ has warned that alteration to school enrolment zones in Auckland could drive house prices further in the region. Property experts anticipate demand to rise in suburbs having top schools. Families that are eager to get a house in .....
UK retail sales climb 5.4% in March even as online component falls
April 24, 2021 12:09 AM AEST| By AbhijeetSummary The UK retail sales grew by 5.4 per cent in March, up from 2.2 per cent in February. Partial easements significantly helped in boosting the retail sales. The March 2021 retail sales were 1.6 per cent higher than February 2020 sales. N.....
Reopening Impact: Consumer Confidence Post Sharp Rise in April
April 23, 2021 06:11 PM AEST| By Team Kalkine MediaSummary In the month of April, GfK Consumer Confidence Index increased a notch to -15 from -16 in March. Expectations for the general economic situation for the next 12 months is now 45 points higher than what it was in the same month last year.....
Is the Australian property market moving out of control?
April 23, 2021 05:34 AM AEST| By Team Kalkine MediaHousing prices have taken a steep turn in Australia as they continue to soar in an economy with incredibly low levels of inflation. The increasingly unaffordable housing prices stand in stark contrast to the record low interest rates prevailing in .....
BoC’s Record Low Policy Rate Is A Shot In The Arm After Budget Stimulus
April 22, 2021 07:10 PM AEST| By Team Kalkine MediaSummary Bank of Canada maintains benchmark interest rate at 0.25 per cent. Bank says Canadian and global economy will rebound quickly, with Canada GDP growth at 6.5 per cent in 2021. Inflation is high as prices in same month last year plunged .....
Is Transport The Main Driver For NZ Inflation in Q1 2021?
April 22, 2021 02:33 PM AEST| By ManikaSummary Increase in transport costs was the main reason for quarterly inflation. But there were other reasons too, like the housing prices. The inflation is still low as compared to the RBNZ target. The inflation numbers as announced on W.....
ANZ slashes variable mortgage rates by up to 90bps
April 22, 2021 12:58 PM AEST| By Team Kalkine MediaAustralia And New Zealand Banking Group (NZX:ANZ, ASX:ANZ) is the first bank to slash variable mortgage interest rates in 2021. ANZ has cut off up to 0.9% from its variable rate home loans and altered its package discount structure on April 19. The...
Budget 2021: What’s In It For Corporate Canada?
April 22, 2021 12:00 PM AEST| By Team Kalkine MediaIn the wake of pandemic-induced lockdowns and stressed financials, private investment is under pressure for most companies. But Chrystia Freeland’s Federal Budget 2021 has enough elements to cheer businesses. The federal budget hits the right...
NZ economy would stay buoyant to external headwinds: Moody's
April 22, 2021 06:10 AM AEST| By Team Kalkine MediaNew Zealand’s economy is one of the most well-placed economies in the world, partly owing the credit to its hard and early response to the COVID-19 pandemic. NZ witnessed an increase in the economic activity in the second half of 2020. NZ&rsqu...
Canada’s Annual Inflation Rate Spiked To 2.2% In March. Here’s Why
April 22, 2021 02:08 AM AEST| By Shreya BiswasSummary Canada’s Consumer Price Index (CPI) shot up by 2.2 per cent year-over-year (YoY) in March 2021, reported Statistics Canada. This was a notable increase from the 1.1 per cent YoY gain in February. On a seasonally adjusted monthly .....
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