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Monthly Economic and
Market Chartpack
June 2006
Agenda
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Main economic indicators
Overview of financial markets
Exchange rates
Valuations
Main Economic Indicators
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US & Australian growth – closing the gap
Recovery in employment continues
US business investment strong, profits high
Another oil price slick?
Australian housing – softest landing on record
RBA – bias to tighten further
Inflation – moving on up, gradually
$A peaked for now
US & Australian growth – closing the gap
Employment is steady
US inflation creeping higher
US profits highest on record (as share GDP)
Another oil slick?
Australian housing – touch (down) and go
$A peaked for now
Inflation – moving on up, gradually
Overview of financial markets
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Equities
Bonds
Currencies
Equity market performance
As at 05/07/06
Bond market performance
As at 05/07/06
Currency market performance
As at 05/07/06
Valuations
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Listed property
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US equity market
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AU equity market
Listed property
As at 30 June 2006
US equity market valuation
Expensive
Long term average
Cheap
Australia equity market valuation
Expensive
Long term average
Cheap