Market News

1 Apr 20. “Australia would experience a very material contraction in economic activity, which would spread across the March and June quarters.”

1 Apr 20. House prices were up 9.1 per cent on a year ago and prices of apartments increased by 8.3 per cent – the strongest annual growth rate in over 4 years.

31 Mar 20. The official manufacturing purchasing managers’ index rose from a record low to 52.0 points in March – the highest level since September 2017.

31 Mar 20. The Federal Government has unveiled a wage subsidy scheme costing $130 billion.

30 Mar 20. Will the economy go into recession? When will the sharemarket volatility stop?

30 Mar 20. The Singapore benchmark gasoline price - the largest component of fuel prices paid by motorists – hit 18-year lows of US$21.70 a barrel last week.

27 Mar 20. The latest data confirms that Australia is very much a nation of small businesses highlighting the importance of providing the COVID-19 support payments.

26 Mar 20. The most recent data shows that total household wealth in Australia rose by 3.3 per cent to a record high $11,309 billion in the December quarter. In per capita terms, wealth rose by $10,809 in the December quarter to a record-high to $442,705