Commenting on Monday's rout in Australian resources stocks due to poor\ Chinese trade data, Philip Parker, Chairman & CEO, Altair Investment Management, says the selloff may have been overdone.» Read More
Paul Bloxham, Chief Economist for Australia and New Zealand, HSBC expects only one more rate cut by the RBA this year. He says the rate cuts priced in by the end of the year are too much.
Australia's central bank is likely to cut interest rates in the next few hours. Here's how to trade the move.
With global markets continuing their tumble and bond yields dropping in tandem, calls are getting louder for a coordinated central bank action to stem panic in markets.
Bill Evans, Global Head of Economics, Westpac is expecting more stimulus from China, the European Central Bank as well as the U.S. Federal Reserve.
Patrick Noble, Senior Investment Specialist, Zurich Investments says companies looking to refinance their debt will see a positive impact on their bottom line if a rate cut happens.
Laura Fitzsimmons, VP, Futures & Options, JPMorgan Investment Bank says Australian interest rates have room to fall, forecasting a rate cut by the RBA in June.
Simon Burge, CIO, ATI Asset Management discusses his trading strategy on the back of the weak Australian dollar. He recommends risk trades like Brambles, and defensive stocks like CSL.
Steve Johnson, Managing Director, Intelligent Investor discusses how the weak Australian dollar will help the country's economy. He adds that he is bearish on the currency in the long term.
George Boubouras, Head of Investment Strategy & Consulting, UBS Wealth Management says the bank has lowered its growth forecast for China this year to 8.2%. He expects more stimulus from Beijing in June.
The Australian dollar may be at a five-month low as China’s growth slowed and lower interest rates reduced the appeal of the currency, but Aussie bulls aren’t ready to throw in the towel just yet.
Stephen Hogan, Senior Private Client Advisor, Equities & Derivatives, Novus Capital describes why he likes stocks like Telstra for their high yields based on the declining interest rate environment.
Olivier Desbarres, Director & Head of FX Strategy, Barclays says he remains bearish on the euro against the dollar and sterling on the back of macro and political uncertainty in the economic bloc.
Stephen Walters, Chief Economist, Australia at JPMorgan said he is skeptical over how Canberra can turn in a budget surplus in such a short period of time. Meanwhile, Margaret Stewart, GM, Policy & Industry Practice, Association of Superannuation Funds of Australia called the government's decision to hike the super contributions tax "short-sighted."
Chris Kimber, Managing Director, Wealth Management, Fat Prophets says Australia's new budget is unlikely to push consumers to start spending, so he wouldn't use it as a trigger to buy retail stocks.
Emma Lawson, Senior Currency Strategist, National Australia Bank says she expects two 25 bps cuts from the RBA in the coming months.
John Symond, Founder, Aussie Home Loans says the Australian business community is not impressed with the government's new budget as it creates a lot of uncertainty.
Joe Hockey, Shadow Treasurer, Australia says the budget does not tell the full story about the government's borrowing debt.
Gavin Stacey, Director, Australia and New Zealand Rates Strategist, Barclays says Australia's 2012-13 budget appears unconditional, trying to achieve a budget surplus within a year regardless of the economic conditions.
Angus Geddes, CEO, Fat Prophets explains why resources and high-yielding industry stocks are his top plays as markets look to the Australian budget for more liquidity
Andrew Pease, Investment Strategist, Russell Investment Group says the Australian share market will start outperforming only once the RBA cuts interest rates and the Aussie dollar undergoes a correction.