Economic Indicators Archives - Jennings Financial Services

Overnight Update

This article highlights the key developments influencing market movements and investor sentiment in both Australia and the US. The key takeaways from the last 24 hours ASX dips as banks and supermarkets decline The Australian share market experienced a slight decline on Tuesday as major banks and supermarket giants faced a sell-off, which outweighed gains in the mining sector. The benchmark S&P/ASX 200 Index (ASX: XJO) dropped by 0.1 per cent, or 10.9 points, closing at 8142, while the All Ordinaries (ASX: XAO) finished flat. Investors were largely unaffected by the Reserve Bank of Australia’s decision to maintain the cash rate at 4.35 per cent, with Governor Michele Bullock signalling that no rate cuts would occur in the near future. The big four banks—Commonwealth Bank of Australia (ASX: CBA), National Australia Bank Limited (ASX: NAB), Australia and New Zealand Banking Group Limited (ASX: ANZ), and Westpac Banking Corporation (ASX: WBC)—all ended the session in the red as investors moved funds from financials [...]

Market Update with Rob Hogg

A market update with Robb Hogg, Chief Investment Officer of SG Hiscock & Company Limited. This article delves into the key market movements, investor sentiments, and economic indicators that defined July, offering a comprehensive overview of how these factors shaped expectations for future monetary policies. View this email in your browser A month of heightened expectations. July was a month of “rotation” in equity markets, weaker commodity prices, and further easing in global inflation pressures. This shifting dynamic resulted in rising hopes across the globe for policy rate reductions. Over the month, global equity market performances were generally positive (notably except for the US NASDAQ), and market interest rates declined with falls more pronounced for shorter-dated securities (2 year bonds) than for longer term bonds (10 and 30 year bonds) as hopes for monetary easing gathered pace. The Australian dollar (AUD) slipped slightly against the US dollar. Key market movements over the month were as follows: • S&P/ASX300 Accumulation [...]