As expected, the Reserve Bank of Australia left the cash rate unchanged at 0.1% at its Tuesday meeting. On the balance sheet front, it announced that purchases under the bond purchase program would cease after its final purchases…
Australian material stocks underperformed the overall Aussie equity market for most of last year. It started out with just a slight underperformance amid positive absolute returns. However, the sector took a sharp turn for the…
Highlights 2022 Key Views & Allocations: Translating our 2022 global fixed income Key Views into recommended positioning within our model bond portfolio results in the following conclusions to begin the year. Target a moderate…
BCA Research’s Foreign Exchange Strategy service is cautiously long AUD at 70 cents. COVID-19 continues to ravage Australia, prompting the government to adopt measures such as threatening to deport superstar athletes who…
Highlights Global growth will remain above-trend in 2022, although with more divergence between regions than at any time during the pandemic (US strong, Europe steady, China slowing). Global inflation will transition from being driven…
The RBA kept monetary policy unchanged at its Tuesday meeting. Governor Philip Lowe sounded cautiously optimistic in his policy statement. He noted that the Australian economy is on track towards recovery following the Delta-…
Australia continued to enjoy a large trade surplus in October: at AUD 11.2 billion it is significantly above the 2017 to 2019 average of AUD 2.4 billion. Although total exports in value terms peaked in August, they ultimately…
The Australian retail sales report for October surprised to the upside. Broad retail sales rose by 4.9% on a month-on-month basis – beating expectations of 2.2% and extending the prior month’s increase of 1.…