Not much has really happened in the Australian markets in the last week, despite news on oil. The Australian dollar is roughly where it was this time last week, and the ASX200 has rallied a little but still remains well and truly under 5000. Oil prices rose sharply this week after Russia and Saudi Arabia, …
The Reserve Bank has urged investors not to be overly pessimistic about global market volatility and the uncertain economic outlook. Since the start of 2016, equity, commodity and credit markets have been fluctuating and brent crude oil prices have fallen to their lowest level in more than a decade. RBA assistant governor Malcolm Edey has …
Australia’s central bank said the pace of economic growth should pick up gradually in the next few years without inflation being a problem, a benign mix that might provide it with the scope to cut interest rates further if needed. In minutes of its Feb. 2 meeting, where the Reserve Bank of Australia (RBA) kept …
RBA Minutes: No Concerns over Growth or Inflation Read More »
Global equities tumbled into a bear market overnight as financial markets signalled that investors have lost faith in central banks’ ability to support the worldwide economy. The MSCI All Country World Equity Index ended a torrid session 20.18 per cent from its May 21, 2015 record high close, confirming global stocks were in a bear …
Uncertainty Builds Over Effectiveness of Central Banks Read More »
