Local market jumped up on strong oil price and then ran out of puff as stretched valuation and weak commodities weighed on weak sentiment. The best performers were Health Care, Staples and Gold while Telcos, Utilities and Discretionary Retail were the worst. Budget confirmed that the only option is infrastructure... Show More
The Budget balance is set to improve at a steady rate. This will reassure the rating agencies. The understanding that house prices can be brought down by increasing supply has been suggested previously by the RBA. This Budget provides policies based on that insight. Show More
Craig James and Savanth Sebastian at Commsec have quickly put a comprehnsive report together following last night's budget. We have pulled out some extracts below on the winners and losers, and market implications, and included the link below. Show More
Budget in focus: This year’s Federal Budget is expected to focus on infrastructure, healthcare costs, school & tertiary education and some measures to improve housing affordability. The Federal Budget is the primary event that defines fiscal policy settings. Spending and taxing measures are important for a raft of companies and... Show More
CommSec Senior Economist Savanth Sebastian takes a look at the economic events scheduled for the week ahead, including retail sales, job ads and the Federal Budget: Show More
Ahead of what is likely to be a controversial budget, anticipation is further stimulated by the plethora of policy suggestions and thought bubbles that have been leaked by the Treasury Department. The task set for the Government and Treasurer encapsulates a range of serious problems far greater than simply balancing... Show More
Each budget is different. The economic environment, global context, budget priorities and goals are all different. In terms of this budget – the first in the Government’s new term – the Government wants to be seen as “making the right choices”. That focus makes sense – the Government has to... Show More
The International Monetary Fund has built a reputation as an unbiased forecaster. The IMF has a pretty optimistic outlook for the Australian budget for the next couple of years. They believe that the Australian budget deficit will decline from 2.7% of GDP in calendar 2016 to 2.2% of GDP in... Show More