News

Bi Monthly Market Update | Ease it!

ByJody Fewster

Ease it!

  • As expected the RBA cut the cash rate by 25 basis points to 1.25%, a record low. Not because of concerns with our economic growth as much as the desire to move inflation.
  • Today’s GDP figures disappointed so further cuts are likely.
  • The ASX-200 index closed up again today 6358 and Aussie dollar closed at US$.70.
  • In the US Federal Reserve Chairman Jerome Powell indicated the central bank is “closely monitoring” the impact of US trade tensions (China, Mexico and Europe) and suggests officials may ease policy if their economy is threatened.
  • KPMG has reported more than half (58%) of Australia’s CEO’s were “Very Confident” about their companies’ prospects over the next 3 years, up from 22% last year.
  • I attended a fabulous presentation by property analyst commentator, Gavin Hegney last week in aid of Telethon Speech and Hearing. Gavin outlined the positive signs for the West Australian property market and described our counter cyclical nature to the East Coast. The following graph is from his presentation. Sentiment in the room suggested we are at “Hope”. I’m closer to “Optimism”.
  • Email me to let me know where you feel we are in the cycle. I will report the results in my next newsletter.

Authored by Jody Fewster
Up to Date

Latest News

  • From Federal Government to Ray White Cottesloe I Mosman Park

    FOR SOME, the match between an employee and employer is simply meant to be, but for former scientist Jen Lowe, the chemistry with Ray White was too hard to resist. With a PhD in science from Curtin University, having worked under the Howard Government and carried out research at Australia’s … Read more

    Read FullPost

  • Bi Monthly Market Update | Consumption starting to kick

    Consumption starting to kick There are some positive signs on the horizon with the US-China trade talks. There is no clarity on Brexit. The RBA minutes suggested another rate cut in 2019. Our market was up on this news with the S&P ASX 200 closing at 6695.3 yesterday. It is now … Read more

    Read FullPost