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Job vacancies rose by over 6 per cent in the latest month with gains in each state and territory. In addition, job ads are up on a year ago in half of the states and territories. Western Australia is benefitting from its relative success in ‘flattening the Covid curve’. Six of the 15 regions with… Read more »
Stock of the Week #1; Altium Altium launched its new cloud platform Altium 365, expanding its leadership and organisational capacity to drive growth and high performance for market dominance. In the restructure, it’s separating its cloud operations from its software business and will focus on growing its market opportunity and expansion into the broader electronics… Read more »
What a week! The most important Federal Budget in a generation, the Reserve Bank board meeting and Donald Trump sending global markets into a spin over whether there is economic stimulus coming for the US or not… on top of some crazy comments about Coronavirus. Let’s start with the Budget…a few quick comments before getting… Read more »
The Australian economy was in pretty good shape going into this pandemic. It’s fair to say, if you had to be in any country in the world to get through this recession it would be Australia. ECONOMY Real GDP is forecast to fall by 3. per cent in 2020 before recovering in 2021 to grow… Read more »
Happy Friday everyone, I must admit I’m feeling a bit shaggy today and writing this from Adelaide after my AFL footy team, Port Adelaide, won its final against Geelong last night. I’m thinking it will prepare me for the week ahead and 2 big economic events: 1. It’s the first Tuesday of the month and… Read more »
Stock of the Week #1; Cimic CIMIC Group’s 50% owned associate, Ventia, has won a $124 million contract extension with the NSW Land and Housing Corporation. Under the contract, Ventia will continue to provide maintenance, project and program services in Sydney, Newcastle and the Hunter Valley. The initial agreement was signed in April 2016, and… Read more »
Digital job ads platform, Seek, has confirmed that its Chinese digital jobs classifieds business, Zhaopin, is speaking to potential investors amid speculation e-commerce giant Alibaba could invest “hundreds of millions of dollars” in the company. SEK told the markets that Zhaopin and its shareholders were in discussions with “a number of parties” about new investment… Read more »
It has been an interesting week for property research. Banking giant Westpac estimates national house prices will only fall by a further 2.3 per cent by the end of the financial year before rebounding by 15 per cent over the following two years. The bank had previously predicted a 10 per cent plunge in prices… Read more »
Market stability and continued momentum in shares helped to bolster account balances in August. However, while consumers and investors are looking ahead to a ‘COVID normal’ world, the recovery is highly dependent on infection rates and the gradual easing of restrictions across the country. According to estimates from leading superannuation research house SuperRatings, the median… Read more »
What about those unemployment figures… wow… no-one saw that coming. Most experts predicted another big loss in jobs and rise in unemployment. Instead, our unemployment rate for August fell from a 22 year high of 7.5 per cent to 6.8 per cent… experts were predicting 7.7 per cent. Around 111,000 jobs were created… or more… Read more »
