Economy
US Economy: Job Growth Slows in December 2019, Oil Prices Fall Amid Cooling Geopolitical Tensions
January 13, 2020 01:54 AM PST| By Team Kalkine MediaAfter touching record high levels amid hopes of easing tensions between the US and Iran, the US stocks closed the trading session lower on 10th January 2020 (Friday). The Dow Jones Industrial Average ended the trading session at 28,823.77, with a fa...
How does the Stock Market Impact the Australian Economy?
January 10, 2020 06:32 AM PST| By Hina ChowdharyDespite domestic challenges and global macro concerns, the Australian equity markets reflected decent performance last year. However, the past year has been a rollercoaster ride for the economy with warning signs that the economy might follow the slu...
Understand the Linkages between Economics and the Equity Market
January 10, 2020 06:19 AM PST| By Team Kalkine MediaWe come across a number of updates on the stock markets and economies across the globe each day and often find a correlation between the performance of the two. For instance, optimistic trade surplus data led to a surge in the S&P/ASX 200 index...
Black Friday Sales Stimulated Retail Sales in November 2019, Revealed ABS
January 10, 2020 01:36 AM PST| By Kunal SawhneyWe all remember the last year’s Black Friday sales that offered huge discounts on our favourite brands, enabling us to shop at our darling brands at best prices. The latest retail sales figures reflect that we have taken the most advantage of t...
How is Australian economy placed? Lens through Key Economic Challenges
January 09, 2020 08:10 PM PST| By Team Kalkine MediaAustralian economy is a highly developed economy and has been the global standout since the 90’s. The country has undergone 27 years of economic growth with no downturn. This proves the robustness of the economy with a low risk, rather safe env...
ASX Surges Amidst Easing US-Iran Tensions and Optimistic Trade Surplus Data
January 09, 2020 04:20 AM PST| By Team Kalkine MediaThe Australian benchmark index, S&P/ASX 200 closed the trading session 0.8 per cent higher on 9th January 2020 at 6874.2 points. This was a record high closing level for the index, that surpassed the previous close high of 6863.99 observed in Nov...
Australian Economy 2020 Predictions
January 08, 2020 08:47 PM PST| By Team Kalkine MediaBefore stepping out of your house, you check the weather forecast to decide on your clothes. Likewise, private firms forecast their sales in order to make decisions on the quantity of inputs to purchase. In the business realm, forecasting facilitates...
ABS Updates: Job Vacancies and Building Approvals Data Get Better
January 08, 2020 01:53 AM PST| By Team Kalkine MediaIs the Australian economy rebounding? That’s what the recent figures released by the ABS on job vacancies and building approvals suggest. The latest statistics reveal that the dwelling approvals bounced back strongly in November, observing a s...
Job Ads Fall to Nearly 4-Year Low Amidst Rising Job Vacancies
January 07, 2020 11:37 PM PST| By Team Kalkine MediaRecent media reports is undoubtedly creating a misty image of the jobs market in Australia, highlighting the December dip in job ads due to bushfires while the ABS data showing increasing job vacancies for the November quarter. Australia and New Zea...
Are Deadly Bushfires a Threat to Australian Economic Growth?
January 07, 2020 08:21 PM PST| By Team Kalkine MediaExperts are worried over the current state of Australian economy as devastating bushfires have taken a heavy toll on the country, killing around 25 people and injuring millions of animals. Tragic bushfires, continuing for months, have burned million...
How Global & ASX Equities Performed amid Escalating US-Iran Tensions?
January 06, 2020 12:24 AM PST| By Kunal SawhneyThe fear of geopolitical turmoil has spread across the world after the US airstrike in Baghdad on Friday (3rd January 2020), that led to the death of a top Iranian military commander, Mr Qasem Soleimani. In a knee-jerk reaction to the airstrike, the...
Australian Property Market Set to Deliver Positive Growth in 2020
January 02, 2020 12:09 AM PST| By Kunal SawhneyThough the Australian property market prospects looked gloomy in early 2019, the outlook for 2020 is truly optimistic amidst a tremendous recovery in property prices over the last year. The market experts expect the inner-city suburbs of the nation&...
Australian Property Market Exceeded Expectations This Year, Revived in 2H 2019
December 26, 2019 12:12 PM PST| By Utkarsha Kalra2019 was a period of turnaround for the Australian economy, especially for the property market that ended the year on a positive note against market expectations of a slowdown in residential property values. At the start of 2019, economists were ant...
Watch Latest Economic Updates: Australia's Bushfire crisis; Trump Impeachment
December 20, 2019 04:32 AM PST| By Team Kalkine MediaExtreme bushfires in Australia and impeachment of the US President by the House of Representatives have drawn investors? attention across the world as both the Australian Prime Minister and the US President have come under the scanner for different r...
Chances of February Rate Cut Dips After Optimistic Employment and Household Wealth Data
December 19, 2019 01:30 AM PST| By Team Kalkine MediaThe recent statistics announced by the ABS on the unemployment rate and household wealth have reportedly dropped the prospects of an interest rate cut by the RBA in February. The ABS has declared a fall in the unemployment rate in November, along wi...
ASX Drops Amid Looming “Phase-One” Trade Deal and Fed’s Interest Rate Decision
December 12, 2019 04:40 AM PST| By Team Kalkine MediaThe Australian benchmark index, S&P/ASX 200 plunged significantly on Thursday, observing a fall of 0.7 per cent or 43.8 points to 6708.8 points. Moreover, the broader All Ordinaries was also 0.6 per cent or 42.4 points down, at 6810.8 points. Al...
Will RBA Downgrade its 2020 Growth Forecasts or Not?
December 09, 2019 04:35 AM PST| By Team Kalkine MediaIn the wake of latest GDP figures for September quarter 2019, economists believe that the Reserve Bank of Australia (RBA) and the Australian government will downgrade their 2020 growth forecasts further. They are expecting a GDP growth of 2.4 per cen...
Stimulating Economic Growth: A Key Challenge for Australian and Global Economies
December 07, 2019 02:15 PM PST| By Team Kalkine MediaThe year 2020 is impending with a thundering noise as several disruptive forces are sweeping across the global economy, exerting downward pressure on growth that has already suffered considerably in 2019, primarily due to a slowdown in China, trade d...
Optimism in US-China Trade Talks Revives ASX, S&P/ASX 200 Inches Up 1.1%
December 05, 2019 03:10 AM PST| By Team Kalkine MediaIn line with the market expectations, the Australian share market?s benchmark index- S&P/ASX 200 rebounded on Thursday (5th December 2019) after observing a steep fall in the last two days of trade, driven by overnight gains on Wall Street. The...
Economic growth and Productivity Numbers: Interest Rate Cut Warranted or Not?
December 04, 2019 07:04 PM PST| By Team Kalkine MediaAs per recent statistics released by the ABS for September quarter 2019, Australia?s economy grew below market expectations at an annual pace of 1.7 per cent, despite three interest rate cuts announced by the Reserve Bank of Australia (RBA) this year...