In this short video, I compare the broad valuations of Australian banks with their global compatriots and find there are still discrepancies. Show More
westpac
Today I analyse a case before the Federal Court where the judge has, thus far, refused to accept the joint submission from both ASIC and Westpac that Westpac should be fined $35 million for breaching Labor's new responsible lending laws because the judge cannot find any such breach. It is... Show More
Westpac has posted a 3% rise in first-half cash profit to $4.02bn, in-line with market expectations. The result was boosted by its increased mortgage lending and performance of its institutional banking business. Show More
CommSec Advisory’s Nicky Kritikos speaks with Tom Piotrowski about the upcoming bank earnings results due out from ANZ and Westpac, as well as NAB’s recently released FY results For more market updates, visit https://www.commsec.com.au/market-news/the-markets.html Show More
The Westpac–Melbourne Institute Index of Consumer Sentiment dipped 1% in June to 102.2, consolidating May's 8.5% surge on the May rate cut. For all the details, see: https://wibiq.westpac.com.au/wibiqauthoring/_uploads/file/Australia/2016/June/er20160615BullConsumerSentiment.pdf Show More
This week the focus is on Australian Q1 GDP; the ECB; and finally come Friday, on nonfarm payrolls in the US. The weekly essay in this edition covers off on our expectations for Australian GDP. https://wibiq.westpac.com.au/wibiqauthoring/_uploads/file/Australia/2016/May/WestpacWeekly20160530.pdf Show More
In The AFR my main column argues that---shock, horror---the new Westpac hybrid, called Westpac Capital Notes 4 (ASX: WBCPG), is actually a good deal. That's a first for me. I explain that while CBA's Perls 8 has performed very well in the secondary market it has been the dud I... Show More
5400 continues to provide some resistance for Aussie stocks, with a weak wage number and greater chance for another interest rate cut not enough to keep buyers on the front foot. The ASX was off -39 points although there was decent individual stock moves. Show More
Tom Piotrowski speaks with CommSec Advisory’s Blair Hannon about Westpac’s half year results, and Tuesday’s RBA Board meeting and Federal Budget MORE MARKET NEWS AT https://www.commsec.com.au/market-news/the-markets.html Show More
Australian consumer sentiment was disappointing in April, the index falling 4% to 95, materially below the 100 optimist/pessimist divide. Family finances and economic expectations both deteriorated, and there was clear evidence of concerns regarding housing affordability. On the labour market, the key result was the marginal improvement in the unemployment... Show More
From Westpac Chief Economist Bill Evans. The Westpac Melbourne Institute Index of Consumer Sentiment fell by 4.0% in April from 99.1 in March to 95.1 in April. This is a disappointing result. After holding above 100 in the November–February period, the Index has now been below 100 for two consecutive... Show More
The Westpac-Melbourne Institute Index of Consumer Sentiment rose by 4.2% in February to 101.3 from 97.3 in January. For all the details, see attached. https://wibiq.westpac.com.au/wibiqauthoring/_uploads/file/Australia/2016/February/er20160210BullConsumerSentiment.pdf Show More
Our Banks and Insurance Analyst TS Lim discusses the outlook for the Financials sector and provides his top stocks. Watch the video here: Show More
The Westpac Melbourne Institute Index of Consumer Sentiment fell by 3.5% in January from 100.8 to 97.3. The Index is at its lowest level since September 2015 but remains 4.3% above its level of a year ago. With limited domestic news during the holiday season consumers appear to have been... Show More
This week, the focus will well and truly be on the FOMC as they raise rates for the first time in almost a decade. With the decision widely expected, it will be the tone of the statement and press conference which will dictate the market's reaction. Ahead of the meeting,... Show More
The Westpac Melbourne Institute Index of Consumer Sentiment fell by 0.8% in December from 101.7 in Show More
In this week's weekly, Chief Economist Bill Evans takes a look back at Q3 GDP and discusses an adjustment to our AUD profile for the year ahead. Updates on consumer and business confidence and the Australian Chamber Westpac survey of industrial trends will be the focus. https://wibiq.westpac.com.au/wibiqauthoring/_uploads/file/Australia/2015/December/WestpacWeekly20151207.pdf Show More
It certainly has been an eventful week. Changes to the RBA post-meeting statement were negligible, emphasising that the RBA is firmly on hold while waiting to see what 2016 will bring. Australian GDP provided mixed signals. Abstracting from the substantial negative impact of mining investment, domestic demand detail was constructive... Show More
This week, Westpac Chief Economist Bill Evans considers the risks to the RBA's terms of trade outlook which is critical for national income and consequently end demand. While not our forecast, another substantial fall in national income would put at risk the RBA's 3.0% 2016 growth expectation, and open the... Show More
This week saw positive updates on consumer sentiment and the labour market. Together they give the RBA strong justification to remain on hold and await further information on the health of the domestic and global economy come 2016. The November Westpac-MI Consumer Sentiment release provided a number of interesting contrasts:... Show More