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Economy
US Employment Numbers Fall Short of Expectations in April 2021
May 09, 2021 01:56 PM AEST| By DaminiAgainst widespread forecasts of the US economy adding about 1 million jobs in April 2021, the latest employment report released by the Labor Department showed that the economy added a disappointing 266,000 jobs last month. The report came as a sur.....
Would New COVID-19 Case in NSW Put The Brakes On Trans-Tasman Travel Bubble?
May 06, 2021 02:50 PM AEST| By Team Kalkine MediaSummary A man tested positive in Sydney for coronavirus with high viral load and is currently in isolation. NZ Health Authorities are keeping a close watch and are in touch with the Australian Health counterparts. Currently, no changes are bei.....
Why Australia’s building approvals rose to highest level since 2017
May 05, 2021 03:48 PM AEST| By AshishSummary The number of building approvals rose to the highest level in March, owing to significant rise in apartment commitments. In March, the number of dwellings surged to 17.4%, following a 20.1% increase in February, according to the Austral.....
RBA keeps rates unchanged, revises up GDP growth
May 04, 2021 03:31 PM AEST| By AshishThe Reserve Bank of Australia (RBA) on Tuesday kept both official interest rate and yield target on the three-year bond yield unchanged 0.1%. The RBA, however, upgraded the gross domestic product (GDP) growth scenario, with growth of 4% expected ov.....
RBA Monetary Policy: What market expects from the central bank
May 04, 2021 10:03 AM AEST| By Team Kalkine MediaThe Australian share market closed flat with positive bias on Monday as traders were cautious ahead of Reserve Bank of Australia’s (RBI) policy meetings on Tuesday, with a decision expected at 2.30 pm. The ASX200 closed 3 points higher at 7,0.....
Crucial events that can sway global markets this week
May 03, 2021 11:06 AM AEST| By Furquan MoharkanThe rally in the global equity markets has flattened in last few months. Mixed macro numbers numbers and India’s burgeoning COVID-19 numbers are holding the rally. Last week as well, the global equity markets were flat, primarily because of t.....
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 .....
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.....
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.....
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.....
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...
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.&.....
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 .....
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...
New Home Sales on a rise in Australia, more jobs to come up in construction sector
April 20, 2021 06:44 PM AEST| By Team Kalkine MediaSummary As per HIA, the new home sales were a record 39.4% higher in the March 2021 quarter as compared to the previous corresponding time. HomeBuilder scheme coupled with lower interest rates, population shifting to regional spaces, and improv.....
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