More forward looking indicators were released today in Australia. There’s no surprise they point towards anaemic growth prospects for next year.
Telstra has been too cool for school for too long, with shareholders paying the price after the company was dropped form the National Broadband Network biding process.
There were some happy faces around Big Industry yesterday on the release of the CPRS white paper.
The RBA is in no hurry to further cut interest rates.
A lack of supply and improving affordability should underpin housing prices in Australia according to ANZ Banking Group.
November labour force data for Australia showed a fall in jobs in line with expectations, but economists see a further weakening as the economic outlook worsens.
But not all brokers are convinced.
Another survey, another doomish result. This time it’s the Westpac-MI December survey of consumer expectations for inflation and unemployment.
After a surprise jump in consumer confidence this morning, housing finance figures have booked their first rise sine January.
Are Westpac and Commonwealth now in desperate capital raising mode?