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Economic Snapshot – October 2021

Highlights   Global economic activity continued to stabilise. Inflation surprises on the upside. Bond markets continue to fall in response to global inflationary pressures and market expectations of accelerated central bank tightening. Global equities bounce back following a volatile September.   Selected Market Returns, October 2021 Sources: Thomson Reuters, Bloomberg   Key developments in October […]
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Investment & Economic Snapshot – Sept 2021

In summary The big news for markets in September was the announcement by the FED that their tapering program would begin around the end of the year. This pushed real yields higher by around 20bps and sent the US 10-year government bond yield towards 1.50%. Here in Australia, the Reserve Bank of Australia (RBA) was […]
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Economic Snapshot – August 2021

In summary August saw more of the same themes and risks that global financial markets had focused on in July. Covid-19 continued to spread around the world, leading to further slowing of economic activity, disruptions to global supply chains, and pockets of inflationary pressures. Despite a weaker domestic economic outlook for the September quarter, the […]
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Economic Snapshot – July 2021

In summary  July saw markets continue to worry about the global growth profile. Some key readings of economic activity in June were lower than in previous months, leading markets to revisit the “peak growth theme”. Potential disruption from the accelerating Covid-19 waves around the world added to these concerns. This narrative outweighed some stronger than […]
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Economic Snapshot – June 2021

FY 2020/21 in review In summary FY2020/21 was a dramatic year that started with serious concerns about public health and the global economy and finished on an optimistic note, delivering historic gains in equity markets along the way. Although Covid-19 continued to cause problems in many countries through the year, progress on developing and distributing […]
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Economic Snapshot – May 2021

In summary May was a month of consolidation for most asset classes. Global investors have been grappling with the trade-off between the benefits of stronger global growth for corporate profits and the potential cost to bonds from higher inflation that might flow from the stronger growth. In May, the balance of sentiment appeared to shift […]
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March 2021 – Economic Snapshot

In summary   March saw further good news about the pace of global economic recovery, with the OECD revising up its forecasts for global growth, and strong employment and growth figures reported in both Australia and the US. Financial markets received the better news on growth with mixed feelings. Their concern is that the US […]
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Weekly Update – 1 June 2020

The virus The table below shows the latest figures for new cases per week and the changes between the latest readings and a week and a month ago, for a number of countries. The figures show improvements in a number of countries over the past week. The higher figures for France last week look like […]
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Quilla Update -May 2020

The virus The table below shows the latest figures for new cases per week and the changes between the latest readings and a week and a month ago, for a number of countries. The figures show improvements in many countries over the past week and the past month. There is still a significant number of […]
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March 2020 – Economic Snapshot

It has been another big week in the global financial markets. In this update, we highlight the markets’ reaction to some key developments. The good news There were some significant announcements of new policy stimulus around the world, including: In the US, Congress (eventually) passed a US$2 trillion support package, amounting to about 10% of […]
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