The rally in risk assets continued strongly in February with almost all major share and credit markets making gains. The further rally was helped by more signs of soft economic landing for the US as well as hope of government initiatives to prime growth in China....
Economic data released in February showed most major economies showing slow growth bordering recession. A notable exception is the United States where most economic readings point to improving growth and off a firm base in the second half of 2023. The slow growth...
Australia’s labour market strength is starting to fade. A weaker labour market will help to cap wage growth and should over time help to bring inflation back inside the RBA’s 2-3% target. A weaker labour market will pave the way for the RBA to start cutting the cash...
The RBA has made it plain at the first board meeting of 2024 that while the cash rate will be cut at some point, the first move is not imminent. According to the forecasts in the February Statement of Monetary Policy released at the same time as the RBA decision, the...
Most major stock markets rallied in January driven still by what seem to be incompatible views that growth is proving resilient, notably in the US, but central banks can pivot relatively soon and start cutting interest rates. Stock markets in China and Hong continued...
Firmer than expected global economic growth in January, slowing progress reducing inflation and still tight labour market conditions are causing central banks to try and hose down market expectations concerning how soon and how much official interest rates can be cut...
