News

Bi Monthly Market Update | RBA minutes drive ASX gains

ByJody Fewster

RBA minutes drive ASX gains

  • The ASX-200 hit a fresh 11 1/2 year high today as the RBA minutes indicated further rate cuts are likely. The ASX-200 is now within 180 points of the record 6827.7 locked in before the GFC took hold in 2007.
  • Economists are betting on another rate cut in August. All eyes are on the US Federal Reserve who meet this week to see if they cut their rates.
  • The Aussie dollar dropped to a near 10 year low on the news and is now trading at  US68.69c.
  • There is no clear view of US/ China trade negotiations nor any certainty about the UK leadership and its handling of Brexit.
  • Geopolitical tensions are rising with Iran’s latest actions in the Gulf.
  • There has been a visible uptick in the number of buyers in homes opens since the election and interest rate cut, and mortgage brokers are telling us they are seeing more applications.
  • We are appraising new homes across the Western Suburbs – Call me for a plan to get you moving.
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