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Economy
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US GDP Grows By 6.4% In First Quarter As Economy Reopens
April 30, 2021 07:36 AM AEST| By Team Kalkine MediaSummary This strong impetus in the economy reflects the increased consumer spending, a key factor of GDP growth. A raft of government measures from rapid vaccination to financial aid to US households has helped rekindle demand, which pushed the.....
Indian, Thai and HK stocks lead the APAC rally
April 29, 2021 03:33 PM AEST| By Furquan MoharkanSummary US Federal Reserve’s dovish tone has triggered a rally in APAC markets. Indian and Thai stocks are best performers. BSE Sensex has reclaimed the historic 50,000-mark The shares in India, Thailand and Hong Kong were the top .....
Why New Zealand registered trade surplus of $33 million for March 2021
April 29, 2021 01:03 PM AEST| By Team Kalkine MediaLatest numbers from Stats NZ have shown that NZ’s trade balance was a surplus of $33 million for March. Trade balance shows the difference between a country’s exports and imports in a particular period of time. When a country's exp...
Westpac Banking Corporation (ASX:WBC) Bumps Up Fixed Mortgage Rates
April 29, 2021 11:50 AM AEST| By Team Kalkine MediaSummary Westpac has announced it is increasing its four as well as five-year fixed rates by 0.30 per cent for home loans. Westpac joins other banks such as The Commonwealth Bank of Australia that has also increased its fixed-term loan rates. T.....
Will supply-demand imbalance continue as asking prices for NZ homes cross $8K mark?
April 29, 2021 11:29 AM AEST| By Team Kalkine MediaSummary NZ’s most used real estate website has revealed that average asking price of a home in NZ had reached $805,000. Housing demand rose 26%, while supply fell 9% in NZ in the month. House prices may be stable or can fall over this ye.....
From Free Education To Tax Cuts: An Insight Into Biden’s New Family Plan
April 29, 2021 07:36 AM AEST| By Team Kalkine MediaSummary The American Family Plans consist of US$1 trillion in investments and US$800 billion in tax cuts. Biden’s plan will provide more money to the middle class families for better education and child care. The administration proposes .....
Latest ABA Figures Show Significant Fall in Bank Loan Deferrals
April 28, 2021 06:46 PM AEST| By Team Kalkine MediaSummary As per the ABA data, home loan deferrals have fallen substantially from 468,786 to 3,170 with the big four banks and Suncorp. Business loan deferrals have also fallen steeply with 508 on hold by 31 March 2021. Customers still strugglin.....
Will Australia’s Housing Prices Take a Breather Anytime Soon?
April 28, 2021 03:22 PM AEST| By Team Kalkine MediaSummary Housing prices are expected to show signs of a slowdown after showing accelerated growth over the past few months. What started with an impetus from record low interest rates has snowballed into high amounts of debt alongside mortgage f.....
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.....
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