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Showing 501 - 510 of 3072 results for "Benjamin"

Chief economist update: Australia needs a cheaper A$

BENJAMIN ONG  |  TUESDAY, 9 JUL 2019
If it were posted on Facebook, Wall Street would have "unliked" the strong US non-farm payrolls report for June - up a bigger-than-expected 224,000 from 72,000 in May. Meanwhile, the unemployment rate ticked up to 3.7% from 3.6% in May, remains near ...

Chief economist update: BOE flips tightening bias to easing

BENJAMIN ONG  |  MONDAY, 8 JUL 2019
The strong US non-farm payrolls report - employment grew by 224,000 in June, beating expectations for a 160,000 gain and a sharp rebound from the 72,000 added in the previous month - failed to remove or even reduce the odds for a Fed rate cut this month. ...

Chief economist update: The turn in Australia's cycle from vicious to virtuous

BENJAMIN ONG  |  FRIDAY, 5 JUL 2019
"Such a feelin's comin' over me There is wonder in most everything I see..." - Karen Carpenter Not long now - just less than a percentage away (0.8% to be exact) - and the All Ordinaries index would top the all-time high of 6,853.57 points it ...

Chief economist update: Currency manipulators beware

BENJAMIN ONG  |  THURSDAY, 4 JUL 2019
"China and Europe playing big currency manipulation game and pumping money into their system in order to compete with USA. We should MATCH, or continue being the dummies who sit back and politely watch as other countries continue to play their games ...

Chief economist update: The back-to-back rate cuts Australia has to have

BENJAMIN ONG  |  WEDNESDAY, 3 JUL 2019
I have a confession to make, I was a closet "no RBA rate cut in July" speculator, going against the 'Big Four' banks and financial market expectations that it would... cut interest rates by another 25 bps at its July 2019 board meeting. So soon ...

Chief economist update: BOJ Tankan tanking?

BENJAMIN ONG  |  TUESDAY, 2 JUL 2019
The G20 meeting in Osaka, Japan has come and gone. Except for the photo-op, the leaders of the G18 could all have stayed at home and nobody would have noticed. The world's attention was all about the US-China trade deal or no deal tete-a-tete. The ...

Chief economist update: Iron ore on the up and up

BENJAMIN ONG  |  MONDAY, 1 JUL 2019
The way it's going, the rally in iron ore prices will keep on going and going. Iron ore prices ended the first half of 2019 at US$109.18/metric tonne, representing a 57.8% rally from the US$69.20 it fetched six months earlier. The world's largest ...

Chief economist update: RBA justified to cut rates or not

BENJAMIN ONG  |  FRIDAY, 28 JUN 2019
There's no question about it, for sure and for certain the Reserve Bank of Australia (RBA) will cut interest rates again. RBA governor Philip Lowe told us so when he addressed the Committee for Economic Development of Australia (CEDA) event in Adelaide ...

Chief economist update: Expect an RBNZ rate cut

BENJAMIN ONG  |  THURSDAY, 27 JUN 2019
The Reserve Bank of New Zealand (RBNZ) did as it was expected - it kept the official cash rate unchanged at a record low 1.5% at the conclusion of its June 26 meeting. Understandably, another interest rate reduction only a month after it handed out ...

Chief economist update: ECB to leave no policy tool unturned

BENJAMIN ONG  |  WEDNESDAY, 26 JUN 2019
When the European Central Bank (ECB) concluded its Governing Council meeting on the June 6, not only had it announced to keep monetary policy settings unchanged - repo at 0.00%; marginal lending facility at 0.25%; deposit facility at -0.4% - but it ...