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Chief economist update: Where sentiment goes, there too is spending

BENJAMIN ONG  |  MONDAY, 18 FEB 2019
... Michigan's latest update on consumer confidence indicates that there's hope still for household spending. Recall the reported big drop in US retail spending (down 1.2% in the month of December) that I penned is consistent with the equally big ...

NAB most distrusted bank in Australia

KANIKA SOOD  |  FRIDAY, 15 FEB 2019
NAB emerged as the most distrusted bank brand in a Roy Morgan survey conducted after the financial services Royal Commission handed down its final report and NAB bosses resigned. In January, Commonwealth Bank had the lowest trust score but after Commissioner ...

Chief economist update: Is the US about to join the global slowdown club?

BENJAMIN ONG  |  FRIDAY, 15 FEB 2019
... at or above normal levels for this release." It would be good news if it were just distorted by the shutdown. However, the big fall in retail sales is consistent with the weakening in consumer optimism in recent months. Retail sales stats are volatile ...

Retirement expert joins Milliman

KARREN VERGARA  |  WEDNESDAY, 13 FEB 2019
... that money," Haqqani said. "In a world where many are now beginning to focus on this issue, Milliman has the deep thinking, big data, analytics and technology to actually help people build the retirement they want and to help the industry deliver the ...

Royal Commission will worsen credit crunch: Poll

KARREN VERGARA  |  TUESDAY, 12 FEB 2019
The current credit crunch will deepen as a result of the financial services Royal Commission's final recommendations, Financial Standard 's latest spot poll shows. The majority of respondents (64%) agreed Commissioner Hayne's final report ...

Fund manager expands distribution

DARREN SNYDER  |  TUESDAY, 12 FEB 2019
... Group head of wholesale business, Jorden Brown said Weaving is a key hire for the firm. "Her experience and energy will play a big role in doing this, in Melbourne and the other southern states. We welcome her on board," Brown said. Capital Group manages ...

Chief economist update: A pretty portrait of an emerging market

BENJAMIN ONG  |  MONDAY, 11 FEB 2019
Citing Sean Taylor - DWS chief investment officer for Asia Pacific and head of emerging market equities - Financial Standard editor, Darren Snyder, penned a report titled, "Asia, emerging markets to lead in 2019" last week. "Speaking at the Financial ...

Asia, emerging markets to lead in 2019

DARREN SNYDER  |  FRIDAY, 8 FEB 2019
Asia's debt-to-equity ratio and safer company balance sheets are making a convincing case for DWS to increase its exposure in the region as well as broader emerging markets. Speaking at the Financial Standard Chief Economists Forum in Sydney yesterday ...

Chief economist update: Euro contagion redux?

BENJAMIN ONG  |  FRIDAY, 8 FEB 2019
"Growth rates for many of the euro area economies have been marked up, especially for Germany, Italy, and the Netherlands, reflecting the stronger momentum in domestic demand and higher external demand. Growth in Spain, which has been well above potential ...

Former ambassador assesses US-China trade deal

KANIKA SOOD  |  THURSDAY, 7 FEB 2019
... view that something needs to be done regarding the engagement with China," Thawley said. He said, economically China is too big to ignore, unlike the much smaller economy of the Soviet Union in the cold war. China enjoyed 20 years of integrating into ...