Mid-Session Report

21 Apr 21, 11:00am (AEST). Aussie shares are slipping for a second day following similar declines in the United States, with the ASX 200 index down 0.8 per cent to 6,960.9. This is enough to drag the market back below the 13.5-month high hit on Monday. PREVIOUS REPORT

Chinese economy on record growth

16 Apr 21. The Chinese economy (GDP) expanded by 0.6 per cent in the March quarter. GDP grew at a record 18.3 per cent annual rate in the March quarter from a year ago.

Job bonanza

15 Apr 21. Employment rose by 70,700 in March after increasing by 88,700 jobs in February. Full-time jobs fell by 20,800 and part-time jobs rose by 91,500 positions. The number of people employed rose to a record high of 13.078 million.

Luxury vehicle market share lift

20 Apr 21. Luxury vehicle sales now represent just over 12.5 per cent of total new vehicle sales – a record high. Porsche sales are at 3-year highs.

Consumer views on the economy lifts

20 Apr 21. Consumer views on ‘current economic conditions’ lifted 2.0 per cent last week to a 20-month high of 8.2 points.

Petrol prices ease for school runs

19 Apr 21. Last week the national average price of unleaded petrol fell by 1.6 cents a litre to 142.8 cents, according to the Australian Institute of Petroleum.

Business conditions hit record high

13 Apr 21. The NAB business confidence index fell from an 11-year high but the business conditions index lifted to a record high of +25.2 points in March.

Car sales soar 22 per cent

7 Apr 21. Vehicle sales are bouncing back after Covid-driven supply shortages. SUVs and Utes are the wheels of choice, accounting for 8 of the top 10 vehicles sold.

The Week Ahead

16 Apr 21. In the coming week, minutes of the last Reserve Bank (RBA) Board meeting are issued. Preliminary retail trade data and purchasing managers’ indexes of services and factory activity dominate the data docket. LISTEN TO PODCAST

2021’s great rotation of sectors

14 Apr 21. As the global economy transitions aftermath of the pandemic, investors have begun rebalancing their portfolios, driving one of the biggest market rotations. 

Biden’s infrastructure spend and its impact

1 Apr 21. The US Administration has revealed plans to spend US$2 trillion to revitalise the country’s ailing and neglected infrastructure over eight years.

Positive news and potential pitfalls

20 Apr 21. Australia’s economy is booming, but this could lead to overconfidence and present a problem in the short-to-mid-term should the economic situation change. 

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