The RBA held the cash rate at the historic low of 0.75% today, as Australians lose confidence in their household finances and the nation's economic outlook.
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The Australian Exchange Traded Products (ETP) market is on a tear, with record net inflows of $1.62bn recorded in September. It caps off a 12-month period that saw the ETP market balloon 33% to almost $60bn.
In recent months we have heard noise about a possible recession across global economies, so should we still be concerned?
A strong rebound in Sydney and Melbourne housing values wasn't enough to stave off a rate cut today, with the RBA slashing interest rates to a new record low.
The economy appears to be at a turning point as Reserve Bank Governor Philip Lowe hints at another rate cut next week.
The China trade war, Saudi oil crisis and low interest rates have all heightened global uncertainty. You would think this is a recipe for poor-performing markets, but the All Ordinaries Index and other world markets have continued to show resilience.
The RBA held interest rates at its September meeting today, and the resurgence in Sydney and Melbourne housing values was likely a key topic of conversation.
The blue chips in the ASX top 10 have proved to be resilient, even despite this week's sell-off. But apart from CSL, their share prices have barely budged.
The RBA's decision to hold the cash rate at a record low of 1% was widely expected, after the rate was slashed by a total of 50 basis points in two months.
Banks are expected to hold back on passing on today's rate cut in full as they seek to balance out mortgage rates with deposit rates for savers.
