Tuesday 18th October 2022
The UK government decided it couldn’t wait till the end of the month to reverse almost all of their unfunded tax cuts, so they did it yesterday, much to everyone’s surprise. Markets have taken it well, with big falls in bond yields and a rise in Sterling, but as JBWere’s Sally Auld points out, there is still a big budget gap to bridge. The impact has helped buoy US equity markets though – perhaps looking for a buy-the-dip excuse. Today look out for NZ CPI and the minutes of the last RBA meeting, when they surprised with a less than expected 25bp rate hike.
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Taking a breather
Bond yields have rebounded a little, but equity markets have stalled, despite a lot of positive news. We’ve been here before, says NAB’s Rodrigo Catril. It doesn’t mean equity markets have peaked.
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iiNet’s Malone on Netspace and beyond
The hot topic on the internet industry this week is the $40m acquisition of Netspace by iiNet. On today’s Twisted Wire Michael Malone, CEO of iiNet, says we can expect more acquisitions down the track, but not in the very near future.
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Will readers pay for online news?
In this edition of Twisted Wire we look into the user-pays model. We might pay for content if it satisfies our specialist interests, but are the major news publishers geared up to provide such a wealth of content?
