Mid-Session Report

22 Oct 20, 12.05pm (AEDT). Aussie shares remain well in the red at lunch. The ASX 200 tumbled 1.5% or 91 points within the first hour of trade but has since recovered from those lows. PREVIOUS REPORT

US election: Second wave or blue wave?

19 Oct 20. Since the first debate, Joe Biden has increased his lead over President Trump in opinion polls.

Federal Budget: 2020/2021

6 Oct 20. The latest Federal Budget has a simple aim – to get the economy back on its feet. 

Consumer confidence hit 20-week high

20 Oct 20. The weekly ANZ-Roy Morgan consumer confidence rating rose by 0.4% to a 20-week high of 98.1. Confidence has lifted in nine of the past ten weeks.

Job vacancies well off the lows

21 Oct 20. The job market continues to bounce back. Vacancies rose by over six per cent in the latest month with gains in each state and territory.

East Coast petrol prices elevated

19 Oct 20. East Coast unleaded petrol prices are still in the most expensive phase of the retail cycle as the national average price of unleaded petrol rose.

Week In Review

19 Oct 20. In Australia over the week, the ASX 200 rose by 1.2 per cent and the All Ordinaries rose by 1.1 per cent. In the US, the Dow Jones index rose by 0.1 per cent last week. The S&P 500 index rose by 0.2 per cent and the Nasdaq index rose by 0.8 per cent.

Another month of encouraging job data

15 Oct 20. Employment fell by 29,500 in September after rising by an upwardly-revised 129,100 jobs in August. The unemployment rate rose from 6.8%  to 6.9%. 

The Week Ahead

16 Oct 20. In Australia over the coming week, the highlights are a speech from the Deputy Reserve Bank Governor and the preliminary retail trade report. The Reserve Bank’s Board minutes will be heavily scrutinised for clues about a potential interest rate cut.   

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