Market insights

Economic data released in June showed evidence of moderating global economic growth but still tight labour market conditions and mixed picture for inflation with stickiness showing for some, notably the US and UK, but reducing for others including much of Europe...

The global economic outlook is becoming more volatile and challenging. Global growth will face a stiff headwind from President Trump’s imposition of higher tariffs on US imports. Where many of those tariff changes will settle is still in the air with unreliable...

Uncertainty is rising about the global economic outlook after the missile strikes traded between Israel and Iran over the past week. The worsening tension in the Middle East has pushed up oil and gold prices, started to disrupt sea and air travel in the area and has...

Sluggish Australian GDP growth in Q1 (+0.2% q-o-q, +1.3% y-o-y) plus some evidence that households are preferring to save rather than spend early in Q2 provide some leeway for the RBA to cut the cash rate further over the next few months. But that leeway is not great...

Risk assets rose in May as US President Trump promised to delay and wind back some of the high trade tariffs announced in March. Evidence that the US economy contracted slightly in Q1 did not dent market optimism. The risk of a trade-war induced US recession remains...

Despite the changes announced last week to President Trump’s tariff program, delaying for three months the bigger tariff hikes for some and a reprieve for US IT companies from the super-sized retaliatory tariffs imposed on China, the US Administration remains wedded...