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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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February 2020 – Economic Snapshot

The first three weeks of February saw further good performance by global equity markets. The news from China about Covid-19 seemed to be getting better and the latest economic data was still quite positive. However, all this changed very quickly from 21 February when markets suddenly became alarmed by reports of the virus spreading to […]
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January 2020 – Economic Snapshot

Summary January was a dramatic month for the world economy and financial markets, starting with hostilities between the US and Iran and ending with fears about the new coronavirus (2019-nCoV) from China. Here in Australia, we had the extra difficulties from the terrible bushfires. Despite all this, the Australian equity market had a great month, […]
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December 2019 – Economic Snapshot

In summary December closed out 2019 on a positive note with equities, bonds and commodities all rallying as key economic data steadied and the US and China agreed to sign the Phase One trade deal. Central banks, including our Reserve Bank, flagged their intention to keep providing liquidity support for the foreseeable future. Heading into […]
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November 2019 – Economic Snapshot

In Summary November was a good month for equity markets as the broad risk-on theme continued. Both the local and US equity markets reached new highs. In contrast, the performance of bond markets was mixed, especially for the global bond markets, where expectations of further interest rate cuts have diminished. However, the Australian bond market […]
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OCTOBER 2019 ECONOMIC SNAPSHOT

In summary After starting October on a cautious note, markets became a little more optimistic about global economic conditions as the month progressed. News that the US and China would sign the so-called “Phase 1” agreement in the trade dispute contributed to the markets’ improved mood, as did the Federal Reserve cutting the cash rate […]
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September 2019 Economic Snapshot

In summary September’s market action was in clear contrast to the previous month. August’s concerns about global growth, trade wars and geo-politics gave way to a somewhat more optimistic mood in which the relative performance of key asset classes was reversed. In particular, equities rallied while bonds and gold sold off in September. The seasonal […]
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