Reporting Season Wrap: COVID-19 challenges Aussie companies
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Evening Report
18 Sep 20, 4.40pm (AEST). After a bright start to the day, the Aussie market has finished Friday’s session at its intraday lows. The ASX 200 spiked on the open, only to close down by 18 points or 0.3%. PREVIOUS REPORT
Used vehicle prices up 25% over year
16 Sep 20. Used vehicle prices in August were up 25 per cent on the year while prices rose 3.4% in September.
CommSec iPhone index: Australia slides
15 Sep 20. Australia is the 18th cheapest country in the world to buy an Apple iPhone 11 64GB in US dollar terms.
Stunning August Jobs Data
17 Sep 20. The unemployment rate fell from a 22-year high of 7.5 per cent to 6.8 per cent in August. It was the biggest monthly fall in the jobless rate in 32 years.
Victoria remains focus of RBA attention
15 Sep 20. There were few extra insights provided on the operation and outlook for the economy. There were seven mentions of ‘Victoria’ in the text.
China's retail rebound accelerates
15 Sep 20. China is on track to be the best performing ‘major’ economy this year. Today’s data dump showed an acceleration in industrial production and retail spending.
Week in Review
14 Sep 20. In Australia over the week the ASX 200 fell by 1.1 per cent. The All Ordinaries fell by 1.1 per cent. In the US, the Dow Jones index fell by 1.7 per cent last week. The S&P 500 lost 2.5 per cent and the NASDAQ lost 4.1 per cent.
Consumer confidence lifts
15 Sep 20. The weekly ANZ-Roy Morgan consumer confidence rating rose by 1.4 per cent to 92.4, lifting for four of the past five weeks.
The Week Ahead
18 Sep 20. In the coming week, there will be a mixed array of new data, survey results and speeches. It is a quieter week on the US and China data docket. Most investor interest could be on the Reserve Bank of New Zealand’s interest rate decision.
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