An action-packed month of record dividends, soaring energy prices and rising inflation are all expected to be key trends this earnings season.
Following two years of volatility, triggered by a global pandemic, supply-chain disruptions and the release of massive stimulus that followed, the financial system is in uncharted territory.
Sri Lanka is in trouble. A state of emergency has been called after chaos hit the streets of Colombo. Anti-government protestors stormed into Prime Minister Ranil Wickremesinghe’s office hours after he was named as acting president. In response, the Sri Lankan PM has advised the military to “do whatever is necessary” to restore order.
The Reserve Bank of Australia (RBA) board raised its official cash rate last week for a third consecutive month. The bank has adopted a dovish stance saying future hikes are “not on a pre-set path” and that the economy will likely slow as a result of these hikes.
More and more companies are actively pledging to go carbon neutral by signing either the UN’s Climate Neutral Now pledge or the Net-Zero Carbon by 2040 pledge. Some heavy hitters have already signed up.
Despite the widespread damage caused by Covid-19, the crisis accelerated the pace of technological advancements along with our ability to adapt to the latest changes. A survey by McKinsey & Co found that Covid-19 sped up the adoption of digital technologies by several years.
One of Australia’s premier alternative real estate investment managers, Qualitas, has secured a A$700m mandate from a wholly owned subsidiary of Abu Dhabi Investment Authority to invest in Australian commercial real estate private credit opportunities on behalf of a new investment vehicle.
With US quarterly reporting season nearly wrapped up, the trend is showing that earnings were better than expected this quarter.
With annual inflation running at 9.1 per cent, a 41-year high, and a raft of Federal Reserve rate rises to follow, the risk of a hard landing for the US economy has risen sharply. A growing chorus of economists has given up hope that the Fed will be able to engineer a soft landing given its latest predictions.
Last week’s effort by the Federal Reserve to curb inflation by raising US rates by another 75 basis points will likely see inflation decline in 2023 and will likely tip the economy into recession.
