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Economy
Retail Turnover and Trade Surplus Plummeted in December 2019
February 06, 2020 04:14 AM PST| 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 02:25 AM PST| 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 04:23 AM PST| 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 29, 2020 07:45 PM PST| 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 29, 2020 07:00 PM PST| 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 04:20 AM PST| 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 04:50 AM PST| 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 04:07 AM PST| 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 03:45 AM PST| 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 02:59 AM PST| 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 03:51 AM PST| 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...
CBA Expects an Upsurge in Property Prices to Continue in 1H 2020
January 20, 2020 11:32 PM PST| By Team Kalkine MediaA lift in home buying intentions series took it to a record high level in December 2019, revealed the Commonwealth Bank of Australia (ASX:CBA) in its latest report. The home buying spending intention readings, announced under the CBA’s monthly...
World Economic Forum: Climate crisis takes centre stage at Davos 2020
January 20, 2020 04:25 AM PST| By Grace ChappleWorld dignitaries, celebrities, business leaders, and paying participants are gathering at secluded alpine town Davos in Switzerland on 20 January 2020 to discuss the biggest issues facing the world economy in the coming year. Among those speaking to...
US Fourth Quarter Earnings Season; A look into Bulge Bracket Banks
January 17, 2020 12:29 AM PST| By Team Kalkine MediaThe US earnings reporting season is set to kick off for the fourth quarter. According to media reports, this earnings season is arriving with low expectation for profit growth at a time when markets are making new highs frequently. Market experts ar...
Trump signs 'landmark' trade deal, Tariff could be lifted in Phase II
January 16, 2020 04:36 AM PST| By Kunal SawhneyThe economic conflict that stole headlines in 2019 finally has been showing signs of apparent easing. The prolonged tension of the trade war between the United States and China, that engulfed not just the two biggest economies of the world, but the e...
Australian Property Market Observed a Surge in Loan Commitments in November
January 16, 2020 04:24 AM PST| By Kunal SawhneyIt seems that the tough days are over for the Australian property market. After recording the fastest quarterly growth in property prices in the last three months of 2019 and achieving optimistic November dwelling approvals data, Australia’s n...
Discover the Influence of Economic Factors on Forex Trading
January 15, 2020 11:45 PM PST| By Team Kalkine MediaDo you know that an average daily trading volume of the world's combined stock markets is not even near to the forex trading volume? Also, Gauge Knowledge of Relationship between Equity Market and Economics Here Forex market or foreign exchange ma...
All Eyes on US-China Phase One Trade Deal
January 15, 2020 04:20 AM PST| By Team Kalkine MediaThe US President Donald Trump and Chinese Vice Premier Liu He are expected to sign a partial trade deal scheduled on 15 January 2020 (11:30 AM) to bring some relief for the international economy. The Phase one deal is expected to ensure China making...
US Lifts Currency Manipulator Tag Off China; Switzerland added to the Watch List
January 15, 2020 12:17 AM PST| By Team Kalkine MediaThe United States of America has officially removed the tag of currency manipulator previously assigned to China, ahead of the much-anticipated signature phase one trade deal to occur on 15 January 2020. The US Treasury Department published semi-ann...
Dreadful Bushfires: Australia’s AAA Rating Intact; Mortgage Arrears and Insurance Premiums Set to Surge
January 14, 2020 04:50 AM PST| By Kunal SawhneyAustralia’s AAA rating is unlikely to be instantly affected by the deadly bushfires raging in the country, reported the S&P Global Ratings. As per the leading credit rating agency, the country’s rating is not at immediate risk from t...
