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Australia

DM Growth Slows Further In September…
Australia’s CPI Too Elevated Despite Lower Energy Bills…
The DM Manufacturing/Services Divergence Continues…
No Cuts In Sight For The RBA…
RBA Still Has Its Work Cut Out For It…
Recession To Hit Canada And Australia Harder Than US And Europe…

Concerns about the global economy have shifted from sticky inflation to faltering growth. Tight monetary policy is finally starting to bite. We suggest increasing portfolio defensiveness.

Australian CPI Comes In Hot…
RBA: Still Hawkish RBA:…

In light of this week’s RBA decision to keep policy on hold, we look at the best possible trades in fixed income markets. In our view, inflation-linked bonds, relative to nominals remain a good bet.