Entries by David Flanagan

Curve Daily Commentary, April 23, 2015

Inflation in Check Yesterday’s quarterly inflation report from the ABS confirmed that inflation remains in check in regards to the RBA’s target band and their forecasts. The headline rate of inflation was a touch higher than expected at a still soft 0.2% which saw another decline in the annual rate from 1.7% to 1.3%. While […]

Curve Daily Commentary, April 22, 2015

Confidence Fading Ahead of Budget  It appears that the anxiety over the budget and ongoing worries over employment continue to weigh on consumers according to the latest weekly update on consumer confidence. This time last year, confidence was hovering around its long run average according to both the popular measures of confidence after it had […]

Curve Daily Commentary, April 21 2015

Stevens Cuts to the Chase in New York In addressing the American Australian Association luncheon in the US overnight, RBA Governor Glenn Stevens delivered a very timely speech titled ‘The World Economy and Australia’. The speech is very much worth a read and can be found here, with particular focus on the Australian component which we […]

Curve Daily Commentary, April 20, 2015

China Stimulates In the wake of last week’s disappointing GDP figures confirming the slowdown in the Chinese economy, the People’s Bank of China yesterday announced new stimulus measures in order to bolster growth in the quarters ahead. PBoC announced a 100bp cut to the Reserve Requirement Ratio for the whole banking sector to come into […]

Curve Daily Commentary, April 16, 2015

A Lack of Confidence Around the World The world is changing and more and more people are interacting with the world banking system. This gives velocity and momentum to money as markets become more liquid as more service providers and participants join the global community. In a report issues by the World Bank titles Global […]

Curve Daily Commentary, April 15, 2015

Business Bounce Back  After falling into negative territory last month, business confidence improved in March according the NAB’s monthly business survey. The NAB’s release stated that “there were some tentative signs of improvement in the NAB Monthly Business Survey for March – with the post RBA cut fall in confidence reversed in March”.  The biggest […]

Curve Monthly Insights, April 2015

Curve Monthly Insights The RBA surprised the market again, electing to leave the cash rate at 2.25% in April. Consumer confidence remains weak as the government prepares to release the budget. Government revenues eroded by the fall in commodity prices to make surplus difficult. Despite the RBA leaving the cash rate on hold in April, […]

Curve Daily Commentary, April 14, 2015

Data Miss Hits AUD With commodity prices plunging, the Chinese trade data released yesterday was always going to be closely watched. Unfortunately there was no good news to report with the annual pace of imports down more than expected to 12.3% albeit a little better that the -20.1% from February. The export data was of […]

Curve Daily Commentary, April 13, 2015

Balances of Power Whilst there has been very little data out surrounding the Easter long weekend, the ABS home loan data was possibly the best news of the week, coming in Friday morning. The crux is that the ever growing amount of investment loans grew by less in February at $12.05 billion from $12.47 billion […]

Curve Daily Comentary, April 10, 2015

  Setting Negative History Switzerland has set financial markets history by selling their 10 year government bonds at a negative yield. Letting that sink in, investors are being charged for lending money to the government and for as long a period as 10 years. Countries such as Germany, Finland, Austria and Spain have all sold […]