Weekly Market Update – 21st April 2023
Investment markets and key developments Global share markets were mixed and mostly little changed over the last week amidst mixed economic data. US shares fell 0.1% for the week but Eurozone shares rose 0.3% and Japanese shares rose 0.2%. Chinese shares fell 1.5% though. Australian shares fell 0.4% with falls in resources stocks offsetting gains in finance, industrial and property shares. Bond yields rose, but oil, metal and iron ore prices fell. The $A fell slightly with a slight rise in the $US. Inflation pressures are continuing [...]
A Finsec View – Etymology of superannuation, Grant Hackett OAM, Reshoring of supply chains, Family feuds and More
21st April 2023 It's that time of year again! In a few weeks, on 9 May 2023 at 7.30pm, Treasurer Jim Chalmers will deliver the Federal Budget for 2023/24. Last year, an earlier 'election budget' was presented in April by Josh Frydenberg, and then Chalmers handed down a light interim Budget in October 2022. The next one will be more substantial, delivered by a Treasurer who has signalled his time in office will not be wasted. “No man ever steps in the same river twice. [...]
Weekly Market Update – 14th April 2023
Investment markets and key developments Global share markets had a strong week helped by a further fall in US inflation adding to expectations that the Fed is at or close to the top. For the week US shares rose 0.8%, Eurozone shares gained 1.7%, Japanese shares rose 3.5% but Chinese shares fell 0.8%. The positive global lead helped boost Australian shares which rose 2% for the week with gains led by material, IT, property and energy stocks. Bond yields rose as did oil, metal and iron [...]
A Finsec View – The problem with labor’s franking credit proposal, Investment themes, Investment fraud and More.
6th April 2023 Last week, the director of AFR insights James Daggar-Nickson, received an unsolicited text. It was supposedly from a 22 year old woman from China eager to make the acquaintance of a 'well-mannered' man (and presumably obtain his bank account details). The message couldn't have been more fortuitous, not only because we're sure James probably does have lovely manners, but because he was at that moment emceeing The Australian Financial Review Banking Summit, at which scams was the central theme. Assistant Treasurer Stephen [...]
Weekly Market Update – 31st March 2023
Investment markets and key developments Concerns about the banking system have eased this week but have not been completely erased. Expectations for fewer central bank interest rate hikes (because of the risks in the banking system and the tightening in lending standards which will weigh on economic growth and is a de facto monetary tightening) is helping to lift shares, with the US up 3.5% this week, Australia +3.2%, Eurozone +4.5%, Japan +2.4% and China +0.6%. Bond yields rose over the week on fewer banking sector [...]
A FinSec View – Aus’s Inflation Profile, Banking Collapses, UK Budget, The Salt March and More
Thank you for the feedback regarding our superannuation commentary last View. Whilst it’s a fact that the average Australian is not engaged with their super, it is nice to know our readers are far from average and highly engaged when it comes to understanding any changes and, more importantly, the implications thereof. At this stage, there is little further to report on the proposed $3 million cap on super - submarines and bank collapses have pushed super down the line. And, although It hasn’t received [...]
2023 Recipient of the FinSec Emerging Leaders Scholarship – Behind Closed Doors (BCD)
Sarah Day is a strategy and agriculture expert at Edge. Prior to joining Edge, Sarah was responsible for establishing sustainability as a key pillar at AACo, Australia's largest beef producer. In this role, Sarah delivered the Company's first sustainability report, the Company's first sustainability strategy, convened the first Animal Health & Welfare Committee and delivered their first carbon abatement project. Sarah brings her skills in project management, major project consultancy and law to her role at Edge and is driven by achieving positive outcomes for clients in [...]
Weekly Market Update – 24th March 2023
Investment markets and key developments Global share markets had a volatile week with ongoing worries about banking contagion, but managed to rise helped by some settling of concerns in the US and hopes that central banks are near the top on rates. For the week US shares gained 1.4%, Eurozone shares rose 1% (despite a fall in Deutsche Bank shares on Friday), Japanese shares rose 0.2% and Chinese shares rose 1.7%. However, Australian shares remained under pressure falling by 0.6% for the week with falls led by [...]