Market Close Report

5 Dec 19, 4.30pm (AEDT). Trade headlines continue to drive global sharemarkets with today’s more upbeat reports helping to push the local market higher. PREVIOUS REPORT

Retail trade flat

5 Dec 19. Retail trade was flat in October. The annual growth rate fell from 2.5 per cent to a 2-year low of 2.1 per cent  Food was on the minds of Aussie consumers in October with more spent at specialised food outlets.

Big Issues of 2020

2 Dec 19. For the past 18 years we have produced “The Big Issues” report, that has sought to highlight the issues that are expected to influence the economy and financial markets over the forthcoming year.

New vehicle market still struggling

4 Dec 19. In November, 84,708 new vehicles were sold, down by 9.8%. In the twelve months to November, sales totalled 1,066,156 units, down 8.8% on a year ago.

Record economic expansion rolls on

4 Dec 19. Australia’s record economic expansion is well into its 29th year. The Australian economy grew by 0.4 per cent in the September quarter.

RBA leaves cash rate unchanged

3 Dec 19.  The Reserve Bank has left the cash rate at 0.75 per cent after cutting rates in June, July and October, each by 25 basis points.

Stockmarket month in review - November

3 Nov 19. Global sharemarkets recorded firm gains over November. The key influences over the month were the US-Chinese trade talks.

Current Account in record surplus

3 Dec 19. The broadest measure of international trade the current account was in surplus by $7.9 billion in the September quarter. 

The Week Ahead

29 Nov 19. In Australia, the Reserve Bank hands down its interest rate decision on Tuesday. Overseas, ordinarily the US jobs data would hog the limelight in the first week of December, but investors will also be focused on the OPEC meetings in Vienna. WATCH VIDEO

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