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May 14 2021

 

1. Housing BOOM…

In budget week we have rounded up some charts on the current state of Australia. It is looking pretty good…unless you’re trying to buy a house in Sydney! We just had the largest quarterly % increase in Sydney house prices on record!

Source: NAB, Macquarie, ABS, CoreLogic 

2. Inflation watch…

This week, Kellogg’s CEO remarked “We haven’t seen this type of inflation in many, many years”. The Food and Agriculture Organization of the United Nations (FAO) food price index also posted its 11th consecutive monthly increase in April! Plenty of headlines on inflation too…

Source: Bloomberg, WSJ

 

3. Buybacks are back…

US and Australia announced so far below…will have to wait to see what makes it through to execution.

Source: Goldman Sachs