I think we need the weekend to recover from the barrage of information we’ve received this week about the economy and Government stimulus. It has been overwhelming and some of the numbers are downright scary. But, keep it in perspective. Before I get into some of the detail can I make some big picture comments… Read more »
Provider of professional digital audio solutions, Audinate, is in a trading halt after announcing a $40 million capital raise to accelerate growth and pursue potential M&A. This consists of a $28 million insto placement and $12 million SPP. We asked experts on The Call, Rudi Filapek-Vandyck from FNArena and Claude Walker from A Rich Life to… Read more »
It’s certainly shaping up to be an interesting earnings season with companies struggling to get an accurate gauge on earnings in the wake of the pandemic. Investment Director, Small Caps at IFM Investors, Melinda White, says 157 companies withdrew guidance during the peak of the lockdowns, with 123 of them in the small-cap space. She… Read more »
According to leading research house SuperRatings, Suncorp was the top returning fund over the 12 months to the end of June, with the Suncorp Multi-Manager Growth Fund returning 3.8 per cent. This was followed by BUSSQ and Australian Ethical Super, whose balanced options returned 2.5 per cent and 2.4 per cent respectively. Over 10 years,… Read more »
The economic impact of the COVID-19 crisis is starting to come through in the monthly numbers. The latest were this week’s employment figures. – while the unemployment rate rose from 7.1 per cent to 7.4 per cent in June, it was the highest jobless rate in 21½ years (since November 1998). – the good news was… Read more »
Millennials remain optimistic about home ownership despite the current array of risk and uncertainty, unwilling to let the pandemic interrupt their plans. A third say they want to buy a property in the next one to two years, new research shows. Despite the uncertain economic recovery from coronavirus, strict lockdown conditions being re-introduced in parts… Read more »
Happy Friday everyone, As Victoria goes back into lockdown to fight a second wave of the Coronavirus, economists are getting concerned about the economic damage and investors are getting spooked. A couple of points to make up front; The Government is borrowing money at less than one per cent interest. I’ve mentioned this before, but… Read more »
A big tick of approval from IMF for Australia The International Monetary Fund (IMF) is the prestigious economic think tank funded by 189 countries to promote trade and financial stability. It regularly provides report cards on the health of the global economy and individual countries and has been keeping a close eye on the economic… Read more »
According to estimates from leading research house SuperRatings, the median balanced superannuation option rose 2.1 per cent in May, driven by a strong rise in share markets on the back of better-than-expected economic news and the beginning of a staged reopening of the economy. Based on current estimates, the financial year-to-date return for the median… Read more »
SQM Research has revealed the national residential rental vacancy rate has recorded a minor decrease over the month from 2.6 per cent in April to 2.5 per cent in May. BUT The largest rental markets of Sydney and Melbourne recorded rises in rental vacancies. Sydney rose to 4 per cent, making it the highest vacancy… Read more »
