China’s road to recovery: Production levels up, but demand remains muted

• Jun 03, 2020 AEST
• Team Kalkine

Summay May 2020 Global manufacturing PMI data showed only slight contraction in output, as China reported growth, while downturn began to subside in most countries except Japan and Australia. China’s PMI figures showed good signs of recov...

• Jun 03, 2020 AEST
• Team Kalkine

Summary The Congressional Budget Office expects real GDP to be down by 11.2% in 2Q 2020. A modest recovery is likely to kick in 3Q 2020. The unemployment rate would peak in 3Q 2020 at 15.8%. Long term interest rates would average 1% 2020. Lo...

• Jun 03, 2020 AEST
• Team Kalkine

Summary Deteriorating economic conditions points to a weaker US economic outlook. Currency interventions in the past have not yielded the desired results. Economists have pitched for a new reserve currency. USD dominated global trade transact...

• Jun 02, 2020 AEST
• Team Kalkine

Summary RBA keeps cash rate and three-year Australian government bond yield unchanged at 25 basis points. The central bank believes a coordinated, substantial and unprecedented easing of monetary and fiscal policy is aiding the Australian econo...

• Jun 02, 2020 AEST
• Team Kalkine

Summary NZ government provides further over NZD 29 million to NZ Post financially under pressure amid declining mail volumes in COVID-19. To support economic recovery from coronavirus, the government has allocated NZD 50 billion for COVID-19 Re...

• May 31, 2020 AEST
• Hina Chowdhary

Summary Global equity markets, including ASX are rebounding from March 2020 crash despite existing economic challenges. Projection concerning the worst is already over for Australia in fueling optimism in equity market to some extent. Australi...

• May 29, 2020 AEST
• Team Kalkine

Summary China decreases GDP growth target as few factors are difficult to predict amid coronavirus uncertainty. There is some recovery in commercial activity, but it has lagged behind expectations. US-China trade deal calls for a renegotiation...

• May 28, 2020 AEST
• Team Kalkine

Summary RBA is highly unlikely to go for negative interest rates and prefers purchasing more government bonds in case further stimulus is required. Consumer confidence and personal spending data are reviving hopes of sooner than expected econom...

• May 26, 2020 AEST
• Team Kalkine

Summary Volume of auctions have seen a slight uplift. However, housing values have reflected a mild slowdown due to low transaction activity. According to Core Logic, Residential property sales fell 40% in April driven by a fall in consumer se...

• May 25, 2020 AEST
• Team Kalkine

Summary: While April reported dip in property sales according to REINZ data, residential auction is slowly picking up with eased lockdown restrictions. Though number of properties on offer in the latest auction was only a fraction of pre-lockdown...