Welcome to our Economic and Market Outlook – July 2022. This edition covers the following topics

Sydney investment advice | The information in this article is current as at 1 July 2022. Overview The MSCI World (ex-Australia) Gross Total Return Index (AUD) returned -8.3% over the three months and -6.1% over the year to 30 June 2022. MSCI World excluding Australia Gross Total Return Index (Jun-21 to Jun-22) Source: MSCI Outlook The earnings […]

Sydney investment advice | The information in this article is current as at 1 July 2022. Part 1: Overview At the start of 2020 the world was facing a pandemic that had the capacity to upend the lives and livelihoods of billions. The collapse of global share markets was ultimately averted thanks to both the rapid intervention […]

Sydney investment advice | The information in this article is current as at 1 July 2022. Overview The S&P/ASX 200 Total Return Index returned -11.9% over the three months and -6.5% over the year to 30 June 2022. S&P/ASX 200 Accumulation Index (Jun-21 to Jun-22) Source: S&P/ASX Outlook Recommendation: Maintain neutral. The Australian sharemarket has been volatile […]

Sydney investment advice | The information in this article is current as at 1 July 2022. Part 1: Overview Monetary policy The Reserve Bank of Australia (RBA) shifted its policy stance materially during the June quarter with two rate hikes of 0.25% and 0.50% to take the cash rate to 0.85%. This was despite wage […]

Welcome to our latest Wealth Management Update. This edition covers the following topics: Banking reporting season update Take a look at the H1FY22 financial results for the four Australian banking majors, along with an overview and our commentary on these results. We delve into net interest margins, cash earnings, operating expenses, return on equity, capital […]

Russia invaded Ukraine on 24 February 2022 across multiple points along their shared border. While there were initial calls of a swift Russian victory, those began to falter as time wore on and Ukrainian resistance surprised outside observers. The snapshots below compare the state of Russian inroads at the end of March and early June. […]

Don’t let investment goals be blinded by interest rate rises. More than $650 million in loans[1] were drawn down in April alone for the purpose of personal investment, and that doesn’t include financing property. Investors have enjoyed low interest rates across the last few years, but now the cost of money is turning skywards. Indications […]

Three of the Australian banking majors reported their H1FY22 financial results during the month of May (CBA having already reported in February). A broad summary of these results can be seen in the table below.[1] H1FY22 results (% changes are relative to H1FY21, (Mar’21 to Mar’22)[2] Bank Net Interest Margins (%) Cash earnings ($b) Operating […]

Notes: Results referring to percentage changes (increases/decreases) relate to the previous corresponding period (pcp), e.g. Q4FY22 results are compared to those of Q4FY21. Underlying EPS  is ‘Underlying Earnings Per Share’ Adobe (ADBE:US)[1] Share price 8/6/2022: US$428.84 Result Q1 FY22 Revenue US$4.26b, up 9% on the pcp. Underlying EPS US$3.37, an increase of 7% on the […]