Employer body welcomes new JobKeeper rules, while unions reluctantly accept in light of the COVID-19 recession. Very appreciative that @CNN covered the vast majority of the Republican Convention last night. The positive is the success in containing the spread of the virus, leading to some restrictions being eased earlier than anticipated. This time it is a lot less onerous to hold properties,” Mr Evans said.Domain economist Trent Wiltshire said house price declines were almost certain now.“House price expectations do indicate there will be a decline in prices … I guess the question is how far they will fall,” Mr Wiltshire said.He said the government’s support packages, particularly the JobKeeper payment, and the banks allowing mortgage repayment freezes would limit forced selling.“There will be a bigger decline in property sales than in prices, but both will fall,” he said.He also noted that while many Australians no longer felt it was a good time to buy, the index was still higher than the GFC-low.“A decent part of the population who have stable income might think it’s a good time to buy in three to six months’ time,” Mr Wiltshire said. Here's what it means for ASX investors today. Stopping the spread of COVID is a daily battle and we have to keep up our efforts. Westpac Banking Corp said it would write down more than A$3.67 billion ... April 28, 2020 / 12:21 AM / 4 ... in a market that was slightly lower. “This shock is quite uneven. The movement of people across borders and within nations is greatly curtailed. So where to find them? I wasn’t expecting a record fall in the 47 years in sentiment around buying a house at the moment.”He said the collapse in sentiment and confidence in the property market had hit across the country.“Sometimes these sorts of questions can be distorted by an atypical movement in one state.

https://twitter.com/lindareynoldswa/status/1298550824730152960I am proudly part of a Government that puts faith in Aus companies like @DatapodSystem to provide tech & capability for #YourADF. Not everyone is negatively affected.” April 9, 2020. With an expected similar contraction in industrial production this represents a significant destruction of demand for resources, particularly for energy. Afterpay Ltd (ASX:APT) and QBE Insurance Group Ltd (ASX:QBE) shares are making a big splash on the ASX 200 on Tuesday...

On balance, we now see market moves as more likely to be sustained and have shifted key forecasts as a result – most notably for Australia, a more elevated profile for commodity prices and a material turn in the USD trend point to a higher AUD that may pose problems for policymakers down the track.We are primarily responsible for the content of this research report and we certify that:Andrew Hanlan, Senior Economist, , ahanlan@westpac.com.auBill Evans, Chief Economist, , bevans@westpac.com.auDominick Stephens, Chief Economist, NZ, , Dominick.Stephens@westpac.co.nzElliot Clarke, Senior Economist, , eclarke@westpac.com.auJustin Smirk, Senior Economist, , jsmirk@westpac.com.auMatthew Hassan, Senior Economist , , mhassan@westpac.com.auMichael Gordon, Senior Economist, NZ, , Michael.Gordon@westpac.co.nzSatish Ranchhod, Senior Economist, , Satish.Ranchhod@westpac.co.nzThousands of jobs will be supported by our decision to invest $1 billion to bring forward defence projects to support Australian manufacturing and construction as part of our #JobMaker plan. This is already playing out, with The Westpac-Melbourne Institute consumer sentiment index in April registering its largest monthly decline in 47 years and the time to buy a dwelling index falling a massive 26.6 per cent. The Motley Fool Australia operates under AFSL 400691. But with the dramatic downturn in the economy due to the shutdown of entire industries and subsequent mass job losses, Australians’ sentiment around the time to buy property and house price expectations had taken a steep fall.“This one is out of the box. We thank him for his special friendship and his service to Australia.Australia is thankful for the true friend we have had in Shinzo Abe as Prime Minister of Japan. Andrew Hanlan, Bill Evans, Dominick Stephens, Elliot Clarke, Justin Smirk, Matthew Hassan, Michael Gordon & Satish RanchhodOur latest thinking on Australia, markets and the global economy.The COVID–19 pandemic that punched a hole in economic activity in the first half of 2020 continues to be brought under control in key jurisdictions, allowing for a relaxation in restrictions and setting the scene for a rebound. After the high-profile stock splits of Apple (AAPL) and Tesla (TSLA), could these ASX shares be the next to split their stock? ASX:WBC Past and Future Earnings April 24th 2020 Future outlook is an important aspect when you’re looking at buying a stock, especially if you are an investor looking for growth in your portfolio. The major bank is now expecting the Australian economy to suffer three consecutive quarters of retractions. In light of that, we have upgraded our 2020 forecast, to –4% from –5%, with the rebound to emerge in the September quarter. Full details are available on request. The potential for further virus outbreaks remains a concern. I spy a new Twitter account. Private collection, Sydney. Beach Energy Ltd (ASX:BPT) and Woolworths Group Ltd (ASX:WOW) shares will be on watch on the ASX 200 on Tuesday... His leadership, wisdom, generosity and vision have championed the cause of peace, freedom and prosperity in our region and the world more broadly. Australia & NZ weekly (PDF 491KB) Westpac economic releases. So if you’re looking to get your finances on track and you’re in or near retirement – we’ve got you covered! Westpac Market Outlook March 2020 The last month has seen dramatic changes to the economic outlook and to markets.


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