Jobs data lowers the likelihood of a US interest rate hike, Australian business investment beats expectations, but retail trade remains flat, writes Richard Holden.
A large chunk of economic data was released this week and while nothing was shocking or terrible, there is mounting evidence the world’s economic growth problem is entrenched.
The RBA leaves rates on hold, while consumers stand on the sidelines, and ratings agency S&P isn’t convinced of the government’s ability to reduce the budget deficit, writes Richard Holden.
The Australian economy exceeds expectations, while China continues to worry. RBA Governor Glenn Stevens has reason to smile, Janet Yellen less so, writes Richard Holden.
More turmoil and volatility in markets is predicted over the coming weeks and months, which may be good news for hedge fund managers, but not too many others, writes Richard Holden.
UNSW's Airport Economist Tim Harcourt is punting on an interest rate cut from the Reserve Bank on Tuesday, just half an hour before the starter's pistol fires for the Melbourne Cup.
