|The S&P 500 Index closed at a new all-time high overnight on the back of bullish headlines. At the same time, the probability of a US recession in 12 months' time has dropped from a 12-year high. But why?|
|Like the Japanese yen, is the Australian dollar becoming a safe-haven currency?|
|Latest survey data disprove Reserve Bank Governor Philip Lowe's optimism that "a gentle turning point appears to have been reached".|
|The IMF estimates that crude oil prices would drop by 9.6% this year from an average price of US$68.33 per barrel in 2018 to US$61.78 this year and by another 6.2% to US$57.94 in 2020.|
|It would be the winter of discontent for Australia's agriculture sector if Rabobank's latest 'Australian Winter Crop Outlook' report is any guide.|
|This widespread deceleration means that growth this year will fall to its lowest rate since the beginning of the decade, says IMF's new head.|
|Unless a positive shock emerges over the next few months, expect the RBA to continue lowering interest rates and the Morrison government to increase fiscal spending (but only after it's achieved having the Budget surplus immortalised on paper).|
|Reserve Bank governor Philip Lowe has told a forum at the International Monetary Fund that Australia's economy is set to "return to trend growth" next year.|
|Reserve Bank deputy governor Guy Debelle said despite historically low interest rates and a rise in loan approvals, turnover in the housing market remains low.|
|The International Monetary Fund has predicted Australia's economy will weaken a full percentage point in 2019 down to 1.7% growth from 2.7% last year.|
Australia's largest superannuation funds and wealth companies have largely cut back on their advertising spends over the past five years, documents from the Standing Committee on Economics show.
The former head of advice of the $57 billion superannuation fund has launched a new advisory aimed at working with super funds and dealer groups to develop better models of delivering advice.
For the first time, climate crisis and environmental degradation have taken out the top five spots in a list ranking the risks most likely to impact the world over the coming decade.
Powerwrap has signed an agreement in what could be its second-biggest client after Escala Partners and a new line of business for the platform.
|Brought to you by|
|Keep up to date, don't be the last to know! Get the Financial Standard Daily Newsletter.|