Perpetual: The Australian labour market data was disappointing, but it is now sitting out there by itself as an indicator that suggests the Australian economy...

Perpetual: The Australian labour market data was disappointing, but it is now sitting out there by itself as an indicator that suggests the Australian economy is softening. Other more timely measures are all universally indicative of an economy which is gaining momentum and the Australian currency's rally overnight off its daily lows, suggests that speculators who were initially wrong-footed, are coming to the same view. Given the domestic reporting season has been quite solid and markets are firming, investors need to determine where earnings results can surprise on the upside and if RBA rate cuts are starting to gain traction as the data suggests, then housing won't be the only sector to respond, indeed the outlook for consumer spending is likely to rise as new housing purchases prompt borrowers to go through a process of capital deepening, which should support activity and earnings.


Livewire News brings you a wide range of financial insights with a focus on Global Macro, Fixed Income, Currencies and Commodities.

Expertise

No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.

trending on livewire
Get the best of Livewire by signing up to our popular daily newsletter