Transcript Document

Monthly Economic and
Market Chartpack
June 2006
Agenda
•
•
•
•
Main economic indicators
Overview of financial markets
Exchange rates
Valuations
Main Economic Indicators
•
•
•
•
•
•
•
•
US & Australian growth – closing the gap
Recovery in employment continues
US business investment strong, profits high
Another oil price slick?
Australian housing – softest landing on record
RBA – bias to tighten further
Inflation – moving on up, gradually
$A peaked for now
US & Australian growth – closing the gap
Employment is steady
US inflation creeping higher
US profits highest on record (as share GDP)
Another oil slick?
Australian housing – touch (down) and go
$A peaked for now
Inflation – moving on up, gradually
Overview of financial markets
•
•
•
Equities
Bonds
Currencies
Equity market performance
As at 05/07/06
Bond market performance
As at 05/07/06
Currency market performance
As at 05/07/06
Valuations
•
Listed property
•
US equity market
•
AU equity market
Listed property
As at 30 June 2006
US equity market valuation
Expensive
Long term average
Cheap
Australia equity market valuation
Expensive
Long term average
Cheap