We are a proud member of the Financial Services Online network!
Connect with us on your favourite social media platform for the latest financial news, views, tips, tricks, resources and information.
Following a decrease in annual inflation to 4.1% from a previous rate of 5.4%, optimism is in the air about reinforcing the disinflation trend witnessed in the latter half of the prior year. The drop to a 0.6% quarterly increase has been heralded as the smallest rise since early 2021, igniting hopes for continuous improvement.
While the RBA has not tweaked rates since their last adjustment in November, market participants are speculating that the upcoming steps will involve easing. However, projections for these reductions remain hazy and are presumed to be on the RBA's agenda later rather than sooner.
On the horizon is the upcoming CPI update on Wednesday, critical for the RBA's assessment of achieving their inflation goal of two to three percent. Both the RBA and banking economists envisage that this endeavor to rein in inflation might require continued slow and steady effort. Despite the arduous journey ahead, the projection sees mid-year inflation slowing to 3.3%, aiming to realign with the target at 2.8% by the close of 2025.
Economists from top Australian banking institutions predict a modest rise in March's CPI. Predictions range from 0.7% from National Australia Bank and Commonwealth Bank to a slightly higher 0.8% foreseen by ANZ and Westpac. This uptick is juxtaposed against an abnormally high 1.4% increase recorded in the previous March, leading to a potential dim in annual inflation rates.
Analysts from the Commonwealth Bank of Australia (CBA) have presented a reserved chalk-up for the headline CPI at 3.4%, slightly beneath current RBA projections. CBA's assessment is backed by signs of tempering price pressures apparent in recent business and industry surveys. Nevertheless, items like rents and education could witness substantial inflation, with healthcare poised as a potential wildcard for price acceleration.
Stepping back a few days from those paramount releases, the economic agenda includes the presentation of "flash" purchasing managers' surveys in April. Following the Anzac Day holiday, the ABS will also disseminate producer price and export-import indexes which will send corresponding ripples across the markets.
Market winds are also responding to the longest continuous decline experienced by American indices since fall of 2022. With this backdrop of six consecutive skids for the S&P 500 and Nasdaq, investors wrestle with an ambivalent earnings landscape and burgeoning international tensions. Thus, while the larger S&P 500 and Nasdaq experienced declines, Australian share futures saw a slight uplift, paired with mixed performances within local benchmarks.
Published:Monday, 22nd Apr 2024
Source: Paige Estritori
| Market Resilience Amid Strong Quarterly Inflation Data 30 Apr 2024: .Paige Estritori Following an initial surge, the Australian equities wavered into a close call as the market absorbed the recent inflation trends. Trading remained virtually unchanged with the S&P index dropping a nominal 0.5 points to settle at 7683, and the All Ordinaries dipping gently by 0.4 points, ending the day at 7937.5. - read more |
| Rates on the Rise: Market Jitters Lead to ASX Plunge 29 Apr 2024: .Paige Estritori Significant market movements underscore the growing concerns over a possible interest rate hike by the Reserve Bank of Australia, resulting in a marked drop in the nation’s share market. The S&P/ASX200 index faced a jarring fall, dropping 1.4 per cent which translates into a 107.1 point retreat, ending the session at 7575.9—a notable slump affecting a broad range of sectors. - read more |
| Tax Tension: Australians Grapple with Surging Income Levies as Inflation Undermines Earnings 26 Apr 2024: .Paige Estritori Amidst soaring living expenses and aggressive interest rate increases to quell inflation, Australians face an additional financial burden as income tax impositions outpace those in other affluent nations. This echelon of fiscal pressure is compounded by the unfortunate fact that their earnings are making a retreat in real value terms. - read more |
| Avoid Hefty Fines: Key ATO Dates to Remember 23 Apr 2024: .Paige Estritori Australians are being cautioned about the possibility of incurring a $313 penalty if they fail to observe two critical Australian Taxation Office (ATO) deadlines looming ahead. As tax season approaches, individuals must take note of these important dates to avoid fines. - read more |
| Inflation Outlook Brightens as Australia Braces for Key CPI Update 22 Apr 2024: .Paige Estritori A crucial announcement regarding consumer prices is forthcoming as the Reserve Bank of Australia (RBA) anxiously waits to steer its future monetary policy decisions. Analysts and economy watchers alike have their eyes locked onto the publication of first-quarter consumer price index (CPI) data from the Australian Bureau of Statistics, set to impact the nation's economic direction. - read more |
| Choosing the Perfect Caravan: A Comprehensive Checklist Planning a caravan trip can be an exciting and fun experience for families or individuals, but choosing the right caravan is crucial to ensuring that the trip is as enjoyable as possible. There are numerous types, models, and sizes of caravans available, and this can be overwhelming for many people. That's why this article has been created. It aims to provide a comprehensive checklist and valuable advice to help you choose the perfect caravan that suits your needs and preferences. - read more
|
| 8 Tips to Get the Best Deal on Your New Caravan If you’re thinking about buying a new caravan, then the chances are you’re excited about all the adventures you’re going to have with your family in tow. You’re also probably itching to start planning some great getaways, and of course, you want to get the best deal you can on the caravan itself. Perhaps these tips help you on the journey. - read more
|
| Budgeting for Your Australian Caravan Adventure The lure of the vast Australian landscape stretches far and wide, captivating the hearts of travelers and adventure seekers alike. There's a growing trend among explorers to embrace the caravan lifestyle, seeking freedom and the joy of the journey rather than just the destination. The open road beckons, promising the comforts of home coupled with the excitement of the unknown, and Australia’s caravan culture reflects this unique blend of security and adventure. - read more
|
| 5 Mistakes to Avoid When Applying for Caravan Finance Embarking on the journey of owning a new caravan is an exhilarating moment filled with visions of open roads and the unparalleled freedom of exploration. The thrills of planning road trips, creating a home away from home, and the anticipation of adventure are ample reasons to consider purchasing a caravan. - read more
|
| From Pre-Approval to Purchase: Your Roadmap to Caravan Finance Imagine the open road before you, the comfort of your home on wheels behind you, and the promise of adventure at each destination. Owning a caravan offers unparalleled freedom and joy, allowing you to explore the countryside and make memories that last a lifetime. However, the path to purchasing the caravan of your dreams often begins with navigating the financial aspect of ownership. In this article, we delve into the exciting journey of caravan finance. - read more
|