Brett Careedy

Global equities remained near record highs while bond yields rose on hawkish central bank speeches and rising commodity prices. Energy prices jumped as tensions between the United States and Iran escalated, with Washington broadening its economic pressure. US labour data proved stronger than anticipated, while subdued Australian Q2 growth was accompanied by early signs of firmer growth this quarter. This week brings US and Chinese inflation, a European rate decision, and Australian business...

Australian GDP growth beat estimates but remained relatively subdued in Q2. However, more timely data from the start of Q3 suggests that growth is accelerating and broadening, with near-term rate risks still skewed to the upside. Australian gross domestic product (GDP) rose by 0.4% (seasonally adjusted) in the June quarter 2026, according to the Australian Bureau of Statistics (ABS) today. Economists had been expecting +0.3%, the same as in the first quarter. Grace Kim, ABS head of National...

Global equities were little changed, holding near record highs as well-received earnings met higher interest rate expectations. Oil prices fell over the week as the US stepped up economic pressure on Iran. Kevin Walsh delivered a hawkish message at his first Jackson Hole speech as Fed Chair. Australian household spending exceeded expectations, increasing the likelihood of future RBA rate hikes. This week’s calendar includes a G20 finance meeting, Australian Q2 GDP figures, eurozone inflation,...