This week has been a veritable smorgasbord for economists. Yesterday, the Australian Treasurer revealed a A$850 billion debt bomb. The JobMaker and JobSeeker programmes were extended till 2021. The world gave us a AAA sovereign rating. And COVID continues to lockdown Melbourne and Sydney, the engine rooms of our national economy. Tune in this week and listen to our Chief Economist Dr Matthew Peter and Craig Balenzuela ponder why the government should direct its fiscal firepower to infrastructure.

Disclaimer:

This information is solely for general information purposes. It is not financial product advice or an offer to sell or solicitation of an offer to buy securities or any other investment, investment management or advisory services. In preparing this information, QIC has not taken into account any investor’s objectives, financial situations or needs. QIC does not represent, warrant or guarantee that the integrity of this information has been maintained or that the information is free of errors, virus or interference. You are not permitted to rely on this information, and any reliance on it, or decisions made based on it, are your responsibility. QIC therefore accepts no liability for any reliance on this information.

Copyright QIC Limited, Australia. All rights are reserved. For more information about QIC, our approach, clients and regulatory framework, please refer to our website http://www.qic.com/ (www.qic.com) or contact us directly.

Want to learn how one of Australia’s leading retail asset managers has created a pathway to achieve net zero carbon emissions – all by 2028? Listen to this episode where QICGRE Managing Director Michael O’Brien talks about how this was achieved. From installing the nation’s largest rooftop solar arrays to being the first Australian signatory of the World Green Building Council's Zero Carbon Buildings Commitment for a shopping centre portfolio, Michael shares his perspective as to how these initiatives are critical to our assets, retail partners and our communities.

Disclaimer:

This information is solely for general information purposes. It is not financial product advice or an offer to sell or solicitation of an offer to buy securities or any other investment, investment management or advisory services. In preparing this information, QIC has not taken into account any investor’s objectives, financial situations or needs. QIC does not represent, warrant or guarantee that the integrity of this information has been maintained or that the information is free of errors, virus or interference. You are not permitted to rely on this information, and any reliance on it, or decisions made based on it, are your responsibility. QIC therefore accepts no liability for any reliance on this information.

Copyright QIC Limited, Australia. All rights are reserved. For more information about QIC, our approach, clients and regulatory framework, please refer to our website http://www.qic.com/ (www.qic.com) or contact us directly.

What side are the markets standing on – is it with the bear or the bull? Tune in to today’s Market Moments as the QIC Liquid Markets Group discuss the market’s reaction to a wide range of news such: as whether Australian politicians are potential super spreaders; the latest talk of a fiscal cliff with a review announced into JobKeeper and JobSeeker; and why extra tulips will be brought from the Dutch to overcome the stall in the €750 billion stimulus package.

The team also discuss:

Global and local COVID trajectories – and how they’re affecting investors’ mood

A breakdown of the global data showing we’re bouncing out of recession through consumer spending in U.S., Australia, and China, as well as manufacturing and industrial outputs

Reversal of fortune for the Nasdaq

The markets desire for all things Dow and Gold continuing

What the global markets can learn from the latest Chinese data showing how quickly the economic recovery can take effect

An overview of credit Primary market issuance and secondary trading volumes as well as the Fed Secondary market purchase program

The latest update on earnings seasons

Disclaimer:

This information is solely for general information purposes. It is not financial product advice or an offer to sell or solicitation of an offer to buy securities or any other investment, investment management or advisory services. In preparing this information, QIC has not taken into account any investor’s objectives, financial situations or needs. QIC does not represent, warrant or guarantee that the integrity of this information has been maintained or that the information is free of errors, virus or interference. You are not permitted to rely on this information, and any reliance on it, or decisions made based on it, are your responsibility. QIC therefore accepts no liability for any reliance on this information.

Copyright QIC Limited, Australia. All rights are reserved. For more information about QIC, our approach, clients and regulatory framework, please refer to our website http://www.qic.com/ (www.qic.com) or contact us directly.

From the number of intensive care beds in hospitals around the country, it’s evident our elderly are most vulnerable to Coronavirus. But on the job front, it looks like our youth are the ones being hardest hit with yesterday’s numbers of 16.4% for the rate of our unemployed youth a 23-year high peak. In today’s QPod, Dr Matthew Peter talks to Craig Balenzuela about what the figures are telling us, and the impact policy measures such as JobTrainer, is having.

Disclaimer:

This information is solely for general information purposes. It is not financial product advice or an offer to sell or solicitation of an offer to buy securities or any other investment, investment management or advisory services. In preparing this information, QIC has not taken into account any investor’s objectives, financial situations or needs. QIC does not represent, warrant or guarantee that the integrity of this information has been maintained or that the information is free of errors, virus or interference. You are not permitted to rely on this information, and any reliance on it, or decisions made based on it, are your responsibility. QIC therefore accepts no liability for any reliance on this information.

Copyright QIC Limited, Australia. All rights are reserved. For more information about QIC, our approach, clients and regulatory framework, please refer to our website http://www.qic.com/ (www.qic.com) or contact us directly.

Inflation: It sneaks around and all of a sudden, it’s there right next to you. Today, we’re joined by Beverley Morris, QIC’s Director of Fixed Income and Absolute Return, to talk about why it’s not so strange to be talking about inflation during one of our worst economic crisis’. She also discusses:

Why Inflation will be discussed more and more in the coming quarter

How the transition of the Monetary Decade to the Fiscal Decade was fast-tracked by COVID

Why this recession is unique

An overview of the Japanification effect

Her perspective on future inflation

Want to find out more? Read Beverley’s latest Investment Insight on Inflation Risk https://aus01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fbit.ly%2F2WhHUgLanddata=02%7C01%7CB.Dempsey%40qic.com%7Cd8a99756921744bc19a508d8287ba3e2%7C9ce17a489efd44369b4f2b68ebb6258c%7C0%7C0%7C637303858836196292andsdata=AIq2Y%2FsOp2X31IxmeT954UUc1HXhZdIiEcxIVxsErTY%3Dandreserved=0 (here).

Disclaimer:

This information is solely for general information purposes. It is not financial product advice or an offer to sell or solicitation of an offer to buy securities or any other investment, investment management or advisory services. In preparing this information, QIC has not taken into account any investor’s objectives, financial situations or needs. QIC does not represent, warrant or guarantee that the integrity of this information has been maintained or that the information is free of errors, virus or interference. You are not permitted to rely on this information, and any reliance on it, or decisions made based on it, are your responsibility. QIC therefore accepts no liability for any reliance on this information.

Copyright QIC Limited, Australia. All rights are reserved. For more information about QIC, our approach, clients and regulatory framework, please refer to our website http://www.qic.com/ (www.qic.com) or contact us directly.

U.S. President Trump is now wearing a face mask – what signal is this sending to Markets? In this morning’s Market Moment’s podcast, QIC’s Liquid Markets Group addresses whether the ongoing fiscal and monetary stimulus being released around the world is running into a brick wall against the COVID outbreak. In addition, they also discuss:

The underlying drivers propping up the resilience in stocks and the ‘anaemic’ equities performance outside of the U.S.

What OPEC’s decision to bring two million barrels of oil back online will mean

How metals are performing in the midst of coronavirus outbreaks in regions such as South America

An overview of news that the AFM is releasing a new 2025 bond in a few weeks

What’s driving the insatiable demand for US Treasury paper

A quick look ahead at the forthcoming earning season

Disclaimer:

This information is solely for general information purposes. It is not financial product advice or an offer to sell or solicitation of an offer to buy securities or any other investment, investment management or advisory services. In preparing this information, QIC has not taken into account any investor’s objectives, financial situations or needs. QIC does not represent, warrant or guarantee that the integrity of this information has been maintained or that the information is free of errors, virus or interference. You are not permitted to rely on this information, and any reliance on it, or decisions made based on it, are your responsibility. QIC therefore accepts no liability for any reliance on this information.

Copyright QIC Limited, Australia. All rights are reserved. For more information about QIC, our approach, clients and regulatory framework, please refer to our website http://www.qic.com/ (www.qic.com) or contact us directly.

$1 billion a week. That’s what the Treasury is estimating the Melbourne lockdown is costing the Australian economy. Listen to Dr Matthew Peter, our Chief Economist, in conversation with Craig Balenzuela to get the full story about the economic impact from Victoria’s ‘second wave’. Dr Peter also addresses:

How the unemployment tidal wave has swept across the hospitality sector into the service sector – and what that is signalling

The need for more targeted fiscal policies to support the economy in the absence of the Jobkeeper or Jobseeker extension

Why Australia’s superannuation system should have the policy certainty is needs to fulfil its long-term objectives

Disclaimer:

This information is solely for general information purposes. It is not financial product advice or an offer to sell or solicitation of an offer to buy securities or any other investment, investment management or advisory services. In preparing this information, QIC has not taken into account any investor’s objectives, financial situations or needs. QIC does not represent, warrant or guarantee that the integrity of this information has been maintained or that the information is free of errors, virus or interference. You are not permitted to rely on this information, and any reliance on it, or decisions made based on it, are your responsibility. QIC therefore accepts no liability for any reliance on this information.

Copyright QIC Limited, Australia. All rights are reserved. For more information about QIC, our approach, clients and regulatory framework, please refer to our website http://www.qic.com/ (www.qic.com) or contact us directly.

In our latest QPod episode, QIC’s CEO Damien Frawley talks about our most recent QIC Super Fund Media Roundtable initiative and highlights the invaluable role that super funds play in not only navigating the current uncertainty for their member’s retirement needs, but in rebuilding our national economy.

During this QPod episode, “Investing for Australia: The Contribution of Super Funds”, Damien also discusses:

His first impression, as the CEO of one of Australia’s largest investment managers, when the government mandated the COVID-19 Early Release Scheme

The impact super fund capital makes when it is able to be directed towards long-term opportunities

The value of illiquid assets in helping investors meet their long-term strategies

He also provides some tangible examples of the value that active management plays in not only increasing the value of illiquid assets, but in driving benefits for communities and clients alike.

The QPod episode also features excerpts from the QIC Super Fund Media Roundtable from David Atkin from Cbus, Debby Blakey from HESTA, David Elia from Hostplus, Vicki Doyle from Rest and Bernard Reilly from Sunsuper – and we once again thank them for their participation.

Disclaimer:

This information is solely for general information purposes. It is not financial product advice or an offer to sell or solicitation of an offer to buy securities or any other investment, investment management or advisory services. In preparing this information, QIC has not taken into account any investor’s objectives, financial situations or needs. QIC does not represent, warrant or guarantee that the integrity of this information has been maintained or that the information is free of errors, virus or interference. You are not permitted to rely on this information, and any reliance on it, or decisions made based on it, are your responsibility. QIC therefore accepts no liability for any reliance on this information.

Copyright QIC Limited, Australia. All rights are reserved. For more information about QIC, our approach, clients and regulatory framework, please refer to our website http://www.qic.com/ (www.qic.com) or contact us directly.

It’s the tale of the bear and the bull in this week’s Market Moments QPod episode. Listen to the full conversation to get behind the tension between the Bull’s stance centred on unprecedented stimulus and economic rebound, and the Bear’s case of the COVID spread with an uneven and challenging economic recovery.

The team also provide a breakdown of:

Primary themes expected to impact on investor sentiment especially the heightened focus on the race to develop a vaccine and the forthcoming US election

Our view on why FTSE isn’t stronger compared to the US in terms of attracting more capital

The three reasons why we are expecting lower credit issuance over the coming month

The fascinating story unfolding in the global economic data

Update in both the Australian and European chapters in the global bond story

Latest climate change scenario modelling from the RBA and the parallels between COVID and Climate Change in terms of the transition risk we’re all facing

Disclaimer:

This information is solely for general information purposes. It is not financial product advice or an offer to sell or solicitation of an offer to buy securities or any other investment, investment management or advisory services. In preparing this information, QIC has not taken into account any investor’s objectives, financial situations or needs. QIC does not represent, warrant or guarantee that the integrity of this information has been maintained or that the information is free of errors, virus or interference. You are not permitted to rely on this information, and any reliance on it, or decisions made based on it, are your responsibility. QIC therefore accepts no liability for any reliance on this information.

Copyright QIC Limited, Australia. All rights are reserved. For more information about QIC, our approach, clients and regulatory framework, please refer to our website http://www.qic.com/ (www.qic.com) or contact us directly.

With police out on force on Melbourne’s streets and drones monitoring people’s movements, the re-emergence of COIVD has not only locked down our communities but put speed limits on the pace of our economic recovery. Tune in to this week to hear our Chief Economist, Dr Matthew Peter, discuss the importance of two-staged lookouts for pre and post vaccine, the role of Jobkeeper and how it may be giving the wrong incentives, as well as businesses’ claw back from COVID restrictions.

Disclaimer:

This information is solely for general information purposes. It is not financial product advice or an offer to sell or solicitation of an offer to buy securities or any other investment, investment management or advisory services. In preparing this information, QIC has not taken into account any investor’s objectives, financial situations or needs. QIC does not represent, warrant or guarantee that the integrity of this information has been maintained or that the information is free of errors, virus or interference. You are not permitted to rely on this information, and any reliance on it, or decisions made based on it, are your responsibility. QIC therefore accepts no liability for any reliance on this information.

Copyright QIC Limited, Australia. All rights are reserved. For more information about QIC, our approach, clients and regulatory framework, please refer to our website http://www.qic.com/ (www.qic.com) or contact us directly.