Australia
November trading was centered around the US election and its aftermath. US assets led the way, with US equities significantly outperforming their global counterparts. The US dollar strengthened considerably against both DM and EM currencies. Investment-grade…
今週、当社のセントラル・バンク・モニターズ（CBMs）を更新しました。これらは先進国経済における金融政策をどのように調整すべきかを見極めるのに役立ちます。結論としては、全体としてより緩和的な金融政策が求められるものの、G10諸国間のシグナルの乖離から生じるいくつかのトレード・アイデアがあります。
This Insight looks at the likely direction of bond yields and the dollar, from the lens of money velocity.
We’ve highlighted over the past week that while Beijing’s stimulus package remains unlikely to trigger a meaningful business cycle revival, it nevertheless administered a shot of adrenaline leading to a sentiment-fueled rally in Chinese equities and…
The market got excited by the 50 bps Fed cut and China stimulus. But these are a recognition that economies are slowing significantly. Stocks often rally after the first Fed cut, before falling sharply. Investors should stay defensive.
This insight parses through the RBA’s latest policy decision, and makes recommendations on whether to expect any rate cuts in 2024, and beyond.
In a widely expected move, the Reserve Bank of Australia kept the cash rate unchanged at 4.35% in September. All measures of Australian CPI inflation remain well above the RBA target range. The Commonwealth Energy Bill Relief Fund and other state-level energy…
Preliminary estimates suggest that activity continued to slow across DM economies in September. Manufacturing PMIs contracted at a faster pace in the US, Eurozone, Germany, France and Australia, and grew at a slower pace in the UK. Services PMIs continued to…
Australia’s CPI inflation eased from 3.8% y/y to a higher-than-expected 3.5% in July. The trimmed-mean measure eased from 4.1% to 3.8%. However, the Commonwealth Energy Bill Relief Fund rebates contributed to July’s easing in price pressures. The Australian…