Thursday, August 17, 2017
Investing can be a volatile ride, the last few days have reminded us.
The last few days have also reminded us why holding international equities is often beneficial for Australian investors – the Australian dollar acts as a shock absorber on returns when volatility hits, which is exactly the opposite effect that international investors get investing in Australian stocks.
Wednesday, August 16, 2017
The persistent rise in the price of bitcoin has pushed the pioneer of digital currency to a new lifetime high. The crypto-currency has surged past US$4,000 for the first time since its inception in 2009. According to the CoinDesk Bitcoin Price Index, the average value of bitcoin across global exchanges reached a peak of US$4,225 early Sunday, before hovering around US$4,000. The world’s most traded digital tender has quadrupled in 2017 thus far, gaining ~40% in the first two weeks of August.
Tuesday, August 15, 2017
With the appreciation of the Aussie dollar making headlines while wrongfooting the RBA, we highlight a few stocks that may benefit from a stronger exchange rate.
Monday, August 14, 2017
• US-North Korea tension rattles financial markets globally.
• MSCI World Index falls 1.5% highlighting the widespread fall in equities across the globe.
Tuesday, August 08, 2017
Post-Brexit referendum resilience of the UK economy may be waning, as indicated by the disappointing GDP growth in the recent quarters.
Monday, August 07, 2017
• Mixed set of earnings and economic reports drive US market.
• Currency movement and slew of earnings reports direct European markets.
• Asian markets tread water amid plethora of economic data.
Friday, August 04, 2017
In the last week of July, Greece chartered its return to the bond market after a three-year hiatus. The country successfully issued bonds worth €3 billion (US$3.5 billion) on 25th July 2017, a move that could very well mark the beginning of the end of its bailout?
Wednesday, August 02, 2017
In July the IMF revised its growth estimates at the country level and noted that in 1Q17, many advanced economies in the Eurozone and some emerging economies (including China, Brazil and Mexico) reported stronger-than-expected growth. The macroeconomic implications of changes in policy assumptions, especially for the United States and China, prompted IMF to alter its forecasts.
Monday, July 31, 2017
• Cautious Fed, positive earnings aid Dow Jones, but other benchmark indices end flat.
• European markets end mixed amid currency headwinds.
• Profit taking drags down financial markets in Australia - Japan; India, China march higher.
Wednesday, July 26, 2017
SARB cuts key rate for first time in five years
The South African Reserve Bank (SARB), for the first time in five years, lowered its benchmark repo rate by 25 bps to 6.75% in 4-6 votes, citing concerns about the country’s growth outlook. Inflation data improved in June, while South Africa’s growth prospects deteriorated further following the GDP contraction in the first quarter of the year.