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| | MONDAY, 21 JUN 2021 10:59AMDisappointing. This is the one word that describes the latest batch of activity indicators out of China.|
|According to ABS data, employment in May was higher than it was pre-pandemic. This bodes well for everyone praying for Australia's recovery - so why are financial markets throwing a tantrum at mounting indications we are well on our way?|
|The Fed has spoken and Wall Street does not like what it's heard or seen (in the dot plots).|
|European Central Bank president Christine Lagarde is improving on Mario Draghi's "whatever it takes" mantra.|
|While many, if not most, of its central bank peers - led by the Fed - are pushing back against inflation concerns, the Bank of Japan (BOJ) cannot seem to drive growth in the country's consumer prices significantly beyond zero.|
|US economic momentum has shifted gears. While the headline figures paint a dreary picture, latest stats show more businesses bouncing back and wages growing.|
|The Australian property market is booming and, with interest rates to stay low and prices expected to keep rising, home is where the money is.|
|With the outlook for oil remaining fluid and uncertain, OPEC has decided production will increase from July.|
|Is Australia back on top? March quarter ABS data suggests so, with annual GDP growth now well above that of the US, UK, Japan and Eurozone.|
|Just as expected, the Reserve Bank of Australia kept rates unchanged at its meeting yesterday. But next month is shaping up to be a whole different affair.|
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Franklin Templeton Investments is winding up its retail Australian Equity Fund, as asset growth lags.
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Financial advisers' appetite for exchange-traded funds has more than doubled since the global pandemic hit as new trading data shows that index funds are providing better means of diversification.
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The Association of Financial Advisers has slammed the Labor Party's attack on financial advisers, which paints the profession as dodgy and continues to rip-off consumers.
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The industry superannuation fund has hired from Australian Catholic Superannuation and Retirement Fund as it continues its hiring spree for the internal investment team.
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