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Chief economist update: Did the BOE just announce taper?

BENJAMIN ONG  |  FRIDAY, 7 MAY 2021
This month the Bank of England's (BOE) monetary policy committee decided to keep the existing stance of monetary policy unchanged; the Bank Rate remains at a record low 0.1% and QE at £895 billion. But buried in the "Monetary Policy Summary and ...

State Street to track Bitcoin

ELIZABETH MCARTHUR  |  THURSDAY, 6 MAY 2021
... over time. This will expand the MediaStats Thematic Indicators offering, which launched in November 2020. The indicators read hundreds of thousands of digital news sources to generate daily sentiment signals for various assets to help institutional investors ...

Chief economist update: COVID-19 causes double-dip

BENJAMIN ONG  |  MONDAY, 3 MAY 2021
The Eurozone is back - back in recession, that is, dragged down into a double-dip by the coronavirus -- its resurgence (third time unlucky), its variants and the slow pace of vaccinations. Preliminary estimates released by Eurostat show the single-currency ...

Chief economist update: Not yet time to make a change

BENJAMIN ONG  |  FRIDAY, 30 APR 2021
"It's not time to make a change Just relax, take it easy..." - Cat Stevens This is the US Federal Reserve's message to the markets at the conclusion of its April FOMC meeting in its efforts to calm concerns over rising inflation expectations ...

FirstChoice dominates platform market

KARREN VERGARA  |  THURSDAY, 29 APR 2021
... very differently in another. For example, Netwealth was Top 10 in only one state-its home state of Victoria," the report read. Overall, FirstChoice has 9738 financial advisers using its functionalities, followed by AMP Flexible Lifetime with 5969 users. ...

Outflows continue at IOOF

KANIKA SOOD  |  THURSDAY, 29 APR 2021
IOOF ended March quarter with $203.9 billion in funds under management and administration, after significant outflows from advice and pensions business. The March end FUM was $1.5 billion higher than the previous quarter, and primarily driven by a $5.4 ...

Chief economist update: Tomorrow never dies

BENJAMIN ONG  |  MONDAY, 26 APR 2021
"Don't stop thinking about tomorrow Don't stop, it'll soon be here It'll be better than before Yesterday's gone, yesterday's gone..." -Fleetwood Mac Wall Street rebounded big time the day after markets were buffeted by headlines ...

Pandemic boosts financial sector's engagement

KARREN VERGARA  |  FRIDAY, 23 APR 2021
... more major workplace changes in the last year. One noticeable change is the increased reliance on technology, the report read. Many also saw their work hours change - some increased while others decreased. The fact that bosses held back promotions was ...

Chief economist update: The pause that refreshes

BENJAMIN ONG  |  WEDNESDAY, 21 APR 2021
The music has stopped, should we cease dancing? Two consecutive days of losses on Wall Street is a very long time in financial markets so much so that "pundits struggle to explain stocks stumble", according to the Australian Financial Review (AFR). ...

Government opens consultation on key advice reforms

JAMIE WILLIAMSON  |  MONDAY, 19 APR 2021
The federal government has released draft legislation outlining the function of ASIC's Financial Services and Credit Panel as the single disciplinary body for financial advisers. The government is proposing the ASIC FSCP exercise the functions of ...