Economic Updates

A Summary of Major US Earnings Reports
April 24, 2020

By Deepta Bolaky  @DeeptaGOMarkets A Summary of Major US Earnings Reports IBM, Netflix Inc, Snap AT&T, and Intel Corp were among the major large-cap corporations reporting earnings.Even though the pandemic is expected to portrait a dire outlook, earnings results are much awaited to gauge if large companies can muddle through the crisis and how...

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First Quarter: Crisis, Volatility, and Opportunities
March 31, 2020

By Deepta Bolaky  @DeeptaGOMarkets The first quarter of 2020 was marred by unpredicted events that rattled the financial markets: Tensions between US and Iran; The extreme weather conditions across the globe as a result of climate change; The novel coronavirus; and An oil price war between Saudi Arabia, the oil kingdom, and Russia. A T...

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RBA: “QE is not on our Agenda!”
November 29, 2019

By Deepta Bolaky  @DeeptaGOMarkets This year’s Annual Dinner of the Australian Business Economists was probably the most important event before the year ends. In a year that saw the RBA cutting interest rates three times, the speech around “Unconventional Monetary Policy: Some Lessons From Overseas” fueled speculations that the RBA is to ...

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Is Germany on the Brink of a Technical Recession?
November 12, 2019

By Deepta Bolaky  @DeeptaGOMarkets Is Germany on the Brink of a Technical Recession? Europe’s largest economy and the world’s fourth-largest economy is at risk of going into a technical recession.  Such recession arises after two consecutive quarters of economic decline. In the second quarter of 2019, the German’s economy had contracted by ...

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Did China Retaliate with a Currency War?
August 5, 2019

By Deepta Bolaky  @DeeptaGOMarkets A Currency War Did China retaliate with a Currency War? Monday kicked-off with a bang with plenty of big moves in the financial markets. A risk-off sentiment prevails in the markets as dark clouds of trade tariffs resurfaced and are overshadowing the markets. Investors are awaiting for China to retaliate. However...

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New UK Prime Minister Labelled “Britain Trump”
July 24, 2019

By Deepta Bolaky  @DeeptaGOMarkets “Britain Trump” Britain has a new Prime Minister and as highly expected, Boris Johnson won the race over his opponent, Jeremy Hunt to become the new Tory leader. It was a convincing win despite the controversial headlines about Boris Johnson. Again as widely expected, we saw a few ministerial resignations ...

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Back-To-Back Interest Rate Cuts
July 2, 2019

By Deepta Bolaky  @DeeptaGOMarkets Second Rate Cut The Reserve bank of Australia (RBA) cut interest rate by 25 basis points which marks the first back-to-back rate cut since 2012. The RBA also sets the interest rate to a record low at 1%: “Today's decision to lower the cash rate will help make further inroads into the spare capacity in the e...

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Hong- Kong Protests Add to Market Angst
June 17, 2019

By Deepta Bolaky  @DeeptaGOMarkets It is reported that nearly two million people joined the mass protest against the controversial extradition bill on Sunday despite the government announcing a pause in the legislation on Saturday. It is because the demonstrators do not only want the bill suspended but eliminated altogether as they fear that suc...

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Preview: Non-Farm Payroll Announcement
June 6, 2019

It’s a new month which means the latest Non-Farm Payroll figures will be released this week by the Bureau of Labor Statistics. The latest data will be released at 13:30 PM London time on Friday. Why is the announcement important? Non-farm payroll is one of the most closely watched indicators and is considered the most wide-ranging measure of ...

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European Parliament Election 2019
May 27, 2019

By Deepta Bolaky  @DeeptaGOMarkets European Parliament Election 2019 The 2019 EU Parliament election is one of the most important ones for the bloc amid the rise of nationalism and populist parties. Brexit is also the constant reminder that leaving the EU would not be easy and the election is, therefore, providing some fresh insights on the ballot...

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Housing Market and the Federal Election
May 17, 2019

By Deepta Bolaky  @DeeptaGOMarkets Housing Market and the Federal Election "Labor – A fair go for Australia” “Liberal – Building our economy and securing our future” “Nationals – A strong vote for regional Australia” “Greens – A future for all of us” “The Centre Alliance – Making sure South Australia always comes first”...

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An Election Rate Cut?
May 7, 2019

By Deepta Bolaky  @DeeptaGOMarkets Among the few interest rate decisions this week, the Reserve Bank of Australia stands out. The Federal election 2019 is fast approaching and analysts are debating whether a rate cut before the election is justified or not. The Rate Cut Debate The Australian economy is facing real challenges but the rate cut de...

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Preview: Non-Farm Payroll Announcement
May 2, 2019

It’s a new month which means the latest Non-Farm Payroll figures will be released this week by the Bureau of Labor Statistics. The latest US jobs data will be released at 13:30 PM London time on Friday. Why is the announcement important? Non-farm payroll is one of the most closely watched indicators and is considered the most wide-ranging mea...

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US–China Trade Gap at Record High
March 7, 2019

By Deepta Bolaky  @DeeptaGOMarkets US-China Trade Gap at Record High Trade Deficit a Decade High- Was a Trade War Worth it? The Trade Deficit reported mid-week surprised the markets as it climbed to a decade-high. We also note that the US-China trade gap has reached a record high. It is worth thinking whether President Trump did the right thing ...

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Australian Housing Market
March 6, 2019

By Deepta Bolaky  @DeeptaGOMarkets "Australians watch housing markets carefully, perhaps more so than citizens of any other country." Speaking at the Australian Financial Review’s annual business summit, RBA Governor Philip Lowe talked about the Housing Market and the Economy. The Governor spoke about: The current state of the housing marke...

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National Emergency
February 18, 2019

 By Deepta Bolaky President Donald Trump has declared a national emergency over the US-Mexico border swiftly after the spending bill was approved. It is not the first national emergency the US will face. Other situations of emergency were triggered by former Presidents like Barack Obama or George W Bush, but it was primarily for purposes of add...

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The Royal Commission’s Mammoth Report
February 5, 2019

By Deepta Bolaky  @DeeptaGOMarkets The bombshell report of the Royal Commission is finally out. The report depicts how the Banking, Superannuation and Insurance industries have treated their customers and employees. It highlights the expectations that customers should be compensated, while also addressing the need for financial services that ...

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Australian Banking Industry
February 4, 2019

By Deepta Bolaky  @DeeptaGOMarkets Australian Banking Industry The final report of the Royal Commission will be released just after the Australian market closes at around 4 PM! Hayne’s report will uncover the appalling practices and behaviour in the banking, financial services and superannuation industry. Today will be a crucial and brutal ...

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Preview: Non-Farm Payroll Announcement
February 1, 2019

It’s a new month which means the latest Non-Farm Payroll figures will be released this Friday by the Bureau of Labor Statistics. The data is due to be released at 13:30 PM London time. Why is the announcement important? Non-farm payroll is one of the most closely watched indicators and is considered the most wide-ranging measure of job creati...

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China’s Stimulus Program
January 22, 2019

By Deepta Bolaky @DeeptaGOMarkets Fears of slowing growth and weak Chinese data have forced China to ramp up its efforts to stimulate its economy and reassure investors: Record $83 billion injection: China injected a large amount of money in its economy. $83 billion was placed in the country’s financial system to avoid a cash crunch that w...

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