The RBA will need to be recapitalised
The central bank does not have sufficient capital if it is to increase rates any time soon.
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The central bank does not have sufficient capital if it is to increase rates any time soon.
Broadening price pressures could test Chairman Jerome Powell’s ‘transitory’ hypothesis
MacroBusiness Access Subscriber Only Content at 8:04 am on July 6, 2021 | 0 comments Forex markets were largely stable last night with Wall Street closed but under the surface there are some interesting dynamics. DXY was firm and EUR soft: Australian dollar was basically unchanged: Oil and gold both jumped: Base metals lifted with oil: US and EM junk have diverged a little but it’s not material yet: EM stocks are stalled still: Miners did better in London: Other markets were closed. Westpac has the wrap: Event Wrap The Markit Eurozone Services PMI survey was finalised at 58.3, from the f...
Australian shares are set to open lower after the unrelenting rally in overseas equities paused as investors took the latest record run as a selling sign.
Sun, 7 March 2021 | Written By: Alec Malloy Alec Malloy is a content writer with over 7 years’ experience spanning a range of commercial sectors. Week Ahead: ECB speaks, US CPI released & BoC makes statement We’ve a busy week ahead for European economics with the ECB press conference and rate statement. Are changes to economic policy coming to halt steepening yields? In the US, CPI data is released, gauging the effects of inflation. The Bank of Canada will also be making its overnight rate statement, and a strong economic outlook for Canada c...