The ABS' quarterly house price index was released earlier this morning with capital city house prices rising 1.9% in the three months to December, a figure that was higher the 1.8% increase expected. Sydney, at +3.4%, recorded the strongest growth while those...read more
US initial jobless claims rose modestly to 278k last week. The reading, higher than the 267k pace of the previous corresponding week but below the 290k level expected, left the series 4-week average, a better gauge on the overall trend, at 292.75k, the lowest level...read more
Australian retail sales grew by 0.175% in December, below expectations for an increase of 0.4%, with the annual rate of growth slowing to 4.12%, the lowest level seen since October 2013. Despite the monthly miss, with the increase, total sales rose to $23.806b, the...read more
The People’s Bank of China (PBoC) cut their reserve ratio requirement (RRR) for lenders by 50bps to 19.50% overnight. The decision, the first reduction seen since May 2012, has...read more
The AIG's Australia PSI was released earlier this morning with the index improving 2.4pts to 49.9 to the highest level seen since August. Looking through the report 3 of 5 sub-indices recorded an expansion, a reading above 50, with sales (+2.6pts to 50.7), new orders...read more
The views presented by David Scutt are general in nature. The information provided should NOT be used by investors as financial advice. Each investor has a specific set of circumstances to be considered and any investment should only be carried out after consulting your own financial advisors.