Nerida Cole discusses markets and reporting season on ABC Weekend Breakfast
As markets experience another bumpy week, Dixon Advisory’s Nerida Cole discusses finance, business news and the sectors that stood out overall as company reporting season ends. In addition to the latest property market figures, Nerida also reviews what the $6 billion proceeds from the sale of Snowy Hydro could mean for New South Wales and Victoria.
- Recap of global market movements
Volatility returned to global markets, triggered in part by reactions to President Trump’s move to impose steel tarrifs and the announcement by the new US Federal Reserve Chairman that US interest rates might rise faster than expected.
- February reporting season overview
Overall, positive earnings results across different sectors with companies meeting or exceeding expectations. The retail sector continued to show weakness due to low consumer demand and competition from disruptors.
- Property markets
February property figures showed property prices coming down slightly in Sydney and Melbourne, while Hobart continuing to grow.
- Local interest rates
Interest rates in Australia projected to stay at current levels until the end of 2018.
- State infrastructure projects
The $6 billion cash injection from the proceeds of the sale of Snowy Hydro could help drive growth and employment in New South Wales and Victoria - if new projects are carefully evaluated.
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