Our Australian Economic Activity Tracker rose further over the last week and is trending up nicely, helped by Victoria’s reopening consistent with ongoing recovery.
On a 6 to 12-month view, shares are expected to see good total returns on the back of ultra-low interest rates and a pick-up in economic activity helped by a possible vaccine.
Let’s take a look at the virus, the performance of the share market and whether Donald is saying good-bye yet.
It’s now highly likely the outcome is a Biden Presidency, but no blue wave. This combination should be slightly more positive for Australian shares and the Australian dollar relative to US shares and the US dollar.
Here’s the COVID-19 state of play and my views on who’ll win the US election.
What’s happening on the Coronavirus front and who’s going to win: Biden or Trump?
Global share markets were mixed last week being buffeted, among other things, by the rising number of new coronavirus cases.
Interest rates won’t be going up for some time, and in fact could go down again.
While the debate and Trump’s behaviour after his treatment for coronavirus may have worked against him, so too may be the resurgence of new coronavirus cases in the US.
What’s ahead this week for the Aussie share market and economy?
There’s better news on coronavirus, with new cases in Victoria pushing into the 30-50 range over 14 days, which is necessary for a move to Melbourne’s Step Two reopening from September 28.
Why did the economy contract by so much? What’s the outlook ahead like? Will interest rates be cut.