Author: roymorgansocial

Bones, Joints, Muscle conditions and Allergies/Cold & Flu most prevalent health issues for Australians

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Original article by Roy Morgan
Market Research Update – Page: Online : 9-May-19

A Roy Morgan Single Source survey shows that more than 19.3 million Australians aged 14+ (94.4%) suffered from at least one form of illness or medical condition in 2018. Just over 13.9 million Australians (68%) experienced medical conditions related to Bones, Joints and Muscles, while over 13.8 million (67.6%) suffered from Allergies/Cold & Flu illnesses. Ear, Nose and Throat conditions were experienced by over 11.1 million Australians (54.6%) in 2018, and over 10.1 million (49.5%) suffered from illnesses and conditions related to their Digestive Systems. Roy Morgan CEO Michele Levine says that digging into the data shows significant differences between the types of illnesses and conditions that women and men tend to suffer from.

CORPORATES
ROY MORGAN LIMITED

Final leaders’ debate: Shorten slams climate inaction as Morrison focuses on tax

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Original article by Sarah Martin
The Guardian Australia – Page: Online : 9-May-19

Climate change and tax policy are among the issues that dominated the third and final leaders’ debate on 8 May. Prime Minister Scott Morrison challenged Opposition Leader Bill Shorten to disclose the cost of Labor’s climate change policy, and stressed the need for a "responsible approach" to addressing the issue of climate change. Shorten in turn said the Coalition’s leadership instability over the last six years was due in part to its policy on climate change. Meanwhile, Morrison criticised Labor’s proposed tax reforms, arguing that higher taxes will result in slower economic growth.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIAN LABOR PARTY

Clock ticks on digital bank’s goals

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Original article by Joyce Moullakis
The Australian – Page: 21 : 9-May-19

Digital bank 86400 will seek to attract new shareholders via a capital raising that will be managed by Morgan Stanley. 86400 could potentially raise up to $250m, but CEO Robert Bell says the final amount will depend on demand from local and international investors. The company has applied for a full banking licence, and Bell expects this to be granted shortly. Rival digital bank Judo recently gained a full banking licence.

CORPORATES
86400 PTY LTD, JUDO BANK PTY LTD, MORGAN STANLEY AUSTRALIA LIMITED, CUSCAL, MACQUARIE GROUP LIMITED – ASX MQG, ATOM BANK, METRO BANK, VOLT BANK LIMITED, XINJA BANK LIMITED, TEMENOS, AMP LIMITED – ASX AMP

Asians still biggest investors: Knight Frank

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Original article by Lisa Allen
The Australian – Page: 25 : 9-May-19

The federal government’s restrictions on foreign investment in residential property have not been a deterrent for Asian buyers. Liam Bailey of Knight Frank says people from China and Southeast Asia are still the biggest investors in the local residential market. The global head of research notes that a number of other countries have imposed similar restrictions on foreign investors. Bailey forecasts growth in demand for geographically diverse property investments as global wealth increases.

CORPORATES
KNIGHT FRANK, CROWN RESORTS LIMITED – ASX CWN

State of the Nation – Election 2019 a photo finish

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Original article by Michele Levine
Market Research Update – Page: Online : 9-May-19

What seemed like a foregone conclusion after the Liberal Party Leadership upheaval late last year has suddenly become a competitive contest between the L-NP Government led by Prime Minister Scott Morrison and the Bill Shorten-led ALP Opposition. After Malcolm Turnbull was ‘turfed out’ from his job as Prime Minister in August 2018, and replaced by the then largely unknown among the public Scott Morrison, the Roy Morgan Poll showed the ALP two-party preferred vote spiking to what seemed an unbeatable lead with the Federal Election set to be called within the next few months: ALP 58% cf. L-NP 42% (October 2018). Following the leadership change former Prime Minister Malcolm Turnbull immediately resigned from his seat of Wentworth causing a by-election in his seat which was won by Independent candidate Dr. Kerryn Phelps, and Liberal MP Julia Banks resigned from the Government and joined the cross-bench. At this time the Morrison Government was beset by instability and appeared to be on the verge of collapse at any moment. Many media commentators (from afar) advised new Prime Minister Morrison to call an early Federal Election to put the political uncertainty to rest. As we now know PM Morrison ignored these calls and pledged to take the Government ‘full-term’ until May 2019, which he has done, and the last three Roy Morgan Polls conducted since mid-April 2019 show a very close contest with the ALP just ahead: ALP 51% cf. L-NP 49%. A number of key factors will determine who wins this year’s Federal Election.

CORPORATES
AUSTRALIAN LABOR PARTY, LIBERAL PARTY OF AUSTRALIA, NATIONAL PARTY OF AUSTRALIA, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, MORGAN POLL, ROY MORGAN LIMITED

Why New Zealand moved and the RBA held

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Original article by David Rogers
The Australian – Page: 27 : 9-May-19

The Reserve Bank of New Zealand’s decision to reduce the cash rate for the first time since 2016 had been widely expected. The central bank attributed its move to the outlook for global economic outlook and domestic factors such as the outlook for employment and inflation. Meanwhile, market pricing suggests that the Reserve Bank of Australia will leave the cash rate on hold until at least September, while a second rate cut could be delayed until May 2020.

CORPORATES
RESERVE BANK OF NEW ZEALAND, RESERVE BANK OF AUSTRALIA

Property risk to credit market

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Original article by Samantha Bailey
The Australian – Page: 19 : 9-May-19

Fitch Ratings’ latest quarterly survey of fixed-income investors shows that 70 per cent of respondents consider a housing market downturn to be the biggest risk to Australia’s credit market. This compares with just 29 per cent a year ago. The survey also shows that nearly all respondents anticipate a further decline in house prices, compared with 52 per cent a year ago. Meanwhile, 60 per cent of respondents expect official interest rates to be cut by up to 50 basis points over the next 12 months.

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FITCH RATINGS LIMITED

ABC boss busy playing politics

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Original article by Lilly Vitorovich
The Australian – Page: 4 : 8-May-19

The ABC’s MD David Anderson recently rejected claims of political bias at the public broadcaster. However, former chairman Maurice Newman says it was inappropriate for Anderson to use his first interview in his new role to suggest that if electors care for the ABC, they should not vote for the Coalition on 18 May. Anderson warned that the ABC will need to reduce its services due to the funding freeze in the May 2019 Budget.

CORPORATES
AUSTRALIAN BROADCASTING CORPORATION, AUSTRALIA. DEPT OF COMMUNICATIONS AND THE ARTS, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF THE TREASURY

Plan to silence enemies in media

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Original article by Chris Merritt
The Australian – Page: 8 : 8-May-19

Media lawyer Kevin Lynch says the Australian Greens’ communications policy appears to be targeting the party’s real or perceived enemies in the media sector. Amongst other things, the policy advocates an inquiry to address the issue of media concentration and the introduction of a public interest veto regarding acquisitions in the sector. Greens leader Richard Di Natale has also confirmed that the party’s proposal for new criminal laws on hate speech is aimed at the broader media industry rather than just the three broadcasters who have been named.

CORPORATES
AUSTRALIAN GREENS, AUSTRALIAN COMMUNICATIONS AND MEDIA AUTHORITY, AUSTRALIAN LABOR PARTY

RBA sets jobless test for rate cut

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Original article by Vesna Poljak, Matthew Cranston
The Australian Financial Review – Page: 1 & 4 : 8-May-19

The Reserve Bank has downgraded its 2019 growth forecast for the Australian economy from three per cent to around 2.75 per cent. The central bank indicated on 7 May that a "further improvement" in the labour market will be necessary to lift inflation to its target range. It has also flagged the prospect of an interest rate cut if the employment rate does not fall below five per cent. Michael Blythe of the Commonwealth Bank says the central bank will almost certainly reduce the cash rate if there is even a modest rise in unemployment.

CORPORATES
RESERVE BANK OF AUSTRALIA, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, WESTPAC BANKING CORPORATION – ASX WBC, GOLDMAN SACHS AUSTRALIA PTY LTD, AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIAN LABOR PARTY