RBA leaves rates on hold (again)

Dec 04, 2018 admin Australian economy, Fixed Income, news, Property, SMSF 0 Comment

2018 has proven rather uneventful for the Australian Reserve Bank. With the average Australian the most indebted they have ever been (at circa 190% of disposable income to debt) it has been welcome to most to see cash rates remain at their historic 1.5% low.

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Westpac Capital Notes 6 (WBCPI)

Nov 19, 2018 admin Australian economy, Fixed Income, Investment Opps, SMSF 0 Comment

Westpac has announced today that the Westpac Capital Notes 6 (WBCPI) bookbuild has been completed, with the margin set at 3.7% p.a.

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CommBank PERLS XI Capital Notes CBAPH

Nov 09, 2018 admin Australian economy, Fixed Income, Investment Opps, SMSF 0 Comment

CBA has announced today the updated offer of PERLS XI. CBA has allocated A$1.25 billion of PERLS XI on a firm basis under the Broker Firm Offer, and the Margin has been set at 3.70% per annum.

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Global Market Review October

Nov 04, 2018 admin Australian economy, Equity, Fixed Income, news 0 Comment

  • October proved a dark cloud for equity markets. In Australia stocks fell as much as 9% during the month to recover somewhat, but still finish 6% lower. This was a similar return for US equities, but Asian markets underperformed with the Japanese bourse falling 9%, and the Shanghai Composite closing 7.7% lower.
  • For Australian stocks, there were some clear winners and losers in the month. The winners were gold related given the market volatility… & the losers had their own unique issues (AMP -22%, Kogan -50%, & Corporate Travel Management -34%).

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Global Markets Review September

Oct 05, 2018 admin Alternative Assets, Equity, Fixed Income, Global economy, news 0 Comment

  • The S&P500 hit record highs despite President Trump announcing further tariffs. This time around he added 10% to an additional $200b of Chinese imports, which are to rachet up on Januray 1st 2019 to 25%.
  • China responded to the latest round of tariffs by announcing 5-10% tariff increases on $60b of US imports.
  • The US Federal Reserve lifted interest rates (as expected) by 25bps to 2.25%.
  • The ASX200 lagged offshore markets by finishing the month 1.3% lower. The Royal Commission into Banking released an interim report, and Energy & Mining stocks rallied on stronger commodity prices.

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