Stephen Halmarick
Stephen Halmarick
australian budget corporate cut dollar economic equity growth helps interest issues key rates remain tax
For the equity market, the budget helps economic growth and, therefore, earnings, especially with the cut in the corporate tax rate. But interest rates and the Australian dollar remain the key issues in the short-term.
employment growth higher pleasant slightly
The employment growth was slightly higher than anticipated, so it's a slight pleasant surprise.
coming community data dollar expense gain latest net position posted third week
The latest IMM data showed that the speculative community posted a net long U.S. dollar position for the third week in a row, with most of the gain coming at the expense of the pound.
inflation maybe monetary policy raise rate reinforce statement trigger
First-quarter inflation won't trigger a near-term rate hike. But the bank's statement on monetary policy in May will reinforce their inclination to raise rates, maybe even harden it up a little.
certainly fairly likely move next obvious point rates trigger
I think he's made a fairly obvious point that the next move in rates is more likely to be up than down, but certainly there is no near-term trigger for that.
equity expect firm growth profit support
We expect firm profit growth to support the equity market.