The latest issue of Financial Standard now available as an e-newspaper
|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.|
|The OECD predicts global GDP to grow by 5.8% this year and by 4.4% in 2022, but there are a lot of frictions to be navigated, it warns.|
Australian Ethical introduced a new high conviction fund to wholesale clients, investing in a range of sectors including local healthcare, renewables and technology stocks within the S&P ASX 300.
The super industry is calling for mandated consistency on portfolio holdings disclosure after it was recommended the Future Fund be exempt from disclosing commercially sensitive information.
Capstone Financial Planning has revoked the authorisation of Mark Babbage, the Victorian financial adviser jailed for breaching Western Australia's strict border restrictions to attend the AFL Grand Final.
Ellerston Capital will terminate the Morphic Global Opportunities Fund later this month as a result of dwindling funds under management.
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