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21 Nov 2018 (AFR) – HSBC expects Sydney, Melbourne house prices to fall up to 16pc

(21 November 2018, AFR, p36, by Michael Bleby) ‘HSBC expects housing prices in Sydney and Melbourne to fall between 12 per cent and 16 per cent from peak to trough, after faster-than-expected declines in dwelling values prompted it to revise its outlook. The 8 per cent decline seen in Sydney dwelling values since the 2017 peak and the … Continue reading

9 Apr 2018 (AFR) – Market developments: Slowdown hits Gamuda’s South Yarra residential project

(9 April 2018, AFR, p31, by Michael Bleby) ‘Malaysian developer Gamuda Land will settle its first Australian residential project this month in a slowing Melbourne market that has limited apartment sales to just 70 per cent and not yet made the project profitable. While Gamuda’s financing structure – it was backed by HSBC without a … Continue reading

13 Dec 2017 (TheAge) – Australia’s housing boom is almost over, says HSBC

(13 December 2017, The Age, Business, p27, AAP) ‘The Aussie property boom is nearing its end, with housing price growth to run in the low single-digits in 2018, a leading economist says. But it will be a soft landing rather than a property market crash. HSBC’s chief economist for Australia, Paul Bloxham, said house prices … Continue reading

14 Mar 2017 (AFR) – Tourists head back to Europe, and investors follow

(14 March 2017, AFR, p12, by Helen Reid) ‘Tourists are heading back to Europe, and the recovery is showing up in everything from rising hotel bookings to tax-free shopping and air traffic, leading to a brighter earnings outlook for travel and leisure companies. A rebound in emerging markets is bringing visitors from countries such as … Continue reading

3 Nov 2016 (AFR) – House prices: Do rates need to rise before growth slows?

(3 November 2016, AFR, p44, by Michael Bleby) ‘Unlike previous cycles, housing price growth will continue to slow even as interest rates stay at record lows, say economists who expect a moderation next year.  Tighter lending standards, increasing supply and the weakened appetite of foreign purchasers will limit price growth to between zero and 5 per cent next year, … Continue reading

27 Sept 2016 (TheAge) – Housing market really is cooling, HSBC says

(27 September 2016, The Age, p10, Jessica Sier) ‘HSBC has weighed in on the house price debate, saying the measures the Reserve Bank of Australia used to determine that the property market is cooling are correct. Despite discrepancies between the four major indicators, the bank says the fact that housing loan approvals and credit growth have slowed point to an … Continue reading

4 Aug 2016 (AFR) – HSBC’s first-half profit skids 29pc on Britain, Hong Kong slowdown

(4 August 2016, AFR, p18, Reuters) ‘HSBC said on Wednesday its core first-half profit fell 29 per cent, slightly below estimates, as revenue at Europe’s biggest bank was hit by slowing economic growth in its key markets of Britain and Hong Kong.’ Read more at (might need AFR login access, or try:

22 June 2016 (TheAge) – HSBC: property price growth to halve in 2016

(22 June 2016, The Age, BusinessDay, p17, Jessica Sier, Reporter, View more articles from Jessica Sier) ‘House price growth in Sydney and Melbourne is set to halve in the coming months, says HSBC chief economist Paul Bloxham, the latest economist to have a stab at when the property market might come off the boil.’ Read … Continue reading

23 Mar 2016 (AFR) – Commodity prices: HSBC answers investors’ top 12 questions

[NOTE: This article does NOT contain any advice. It is merely food for thought as a part of regular research. Always consult a professional adviser before committing…] (23 March 2016, AFR, p31, by Jessica Sier) ‘After a rough start to the year for commodity prices, investors are bracing for the future. With oil languishing at … Continue reading

8 Mar 2016 (AFR) – Iron ore rally won’t last: HSBC tips $US39 by 2017

(8 March 2016, AFR, p33, by Stephen Cauchi) ‘HSBC is the latest to join a chorus of voices warning that the rally in iron ore prices may be soon be curtailed, with global oversupply and waning demand from China about to kick in. However, oil’s future is looking a bit brighter, with both HSBC and the Royal Bank of … Continue reading

1 Mar 2016 (AFR,Bloomberg) – Gulf’s $131b problem – Arab States Face $94 Billion Debt Crunch on Oil Slump, HSBC Says

(1 March 2016, AFR, p12, Bloomberg) ‘Gulf Cooperation Council countries may struggle to refinance $94 billion of debt in the next two years as the region faces slowing growth, rising rates and rating downgrades, according to HSBC Holdings Plc. Oil-rich GCC states have to refinance $52 billion of bonds and $42 billion of syndicated loans, … Continue reading

13 Jan 2016 (AFR) – Deflation a serious threat to investors

(13 January 2016, AFR, p18, by Stephen Cauchi) ‘Deflation is the “most likely” scenario for most of the developed world, according to a gloomy note from Sydney-based Clime Asset Management, while Fidelity and HSBC have also echoed their concern about the spectre of falling prices. Clime said the outlook for the world’s developed economies was … Continue reading

10 June 2015 (AFR) – HSBC slashes workforce by 10 percent and cuts cost by $US5 billion

(10 June 2015, AFR, p9, by Alfred Liu and Richard Partington) ‘HSBC Holdings will eliminate as many as 25,000 jobs through 2017 as Chief Executive Officer Stuart Gulliver seeks to cut annual costs by about $5 billion to restore profit growth. Europe’s largest bank plans to reduce full-time employees by 22,000 to 25,000, or about … Continue reading

5 May 2015 (TheAustn) – China manufacturing still in the doldrums – index at one-year low: HSBC

(5 May 2015, The Australian, p32) ‘Activity in China’s manufacturing sector has contracted the largest amount in a year, HSBC has confirmed.’ ‘The final reading for April came in at 48.9, short of the 49.2 figure recently released. The reading represents the biggest contraction for the crucial manufacturing sector in a year. The result contrasts … Continue reading

2 Apr 2015 (SMH) – China March HSBC factory PMI contracts, job losses accelerate

(2 April 2015, SMH online) ‘Activity in China’s manufacturing sector contracted in March after two months of recovery, a private survey showed, as the world’s second-largest economy remains resistant to policy easing measures. The final HSBC/Market China Manufacturing Purchasing Managers’ Index (PMI) came in at 49.6, slightly higher than a preliminary “flash” reading of 49.2 … Continue reading

26 Feb 2015 (AFR) – China manufacturing hits four-month high

(26 Feb 2015, AFR, p18, Angus Grigg) ‘Consumer sentiment in China remains at historically weak levels, even as a pick-up in domestic demand ahead of the Lunar New Year holiday drove a slight improvement in the country’s giant manufacturing sector. The HSBC Markit Flash PMI hit a four month high of 50.1 on Wednesday, surprising … Continue reading

4 Feb 2015 (AFR) – Housing approvals rose above 200,000 for first time last year

(4 Feb 2015, AFR, p41, Michael Bleby) ‘Dwelling approvals rose above 200,000 for the first time in the 12 months to December as the NSW market roared back to life after a decade of investment. The total number of houses, apartments and townhouses approved by local authorities rose to 201025 last year, a 12.6 per … Continue reading

3 Feb 2015 (TheAustn) – China PMI contraction signals slowdown – China factory index dip signals slowdown

(3 Feb 2015, The Australian, p32, Richard Silk, Beijing) ‘CHINA’s manufacturing sector slipped into contraction in January, according to the latest data, another indication of a slowdown in the world’s second largest economy.’ ‘The HSBC manufacturing purchasing managers index, a closely watched gauge of manufacturing activity, inched up to 49.7 for January, compared with 49.6 … Continue reading

24 Jan 2015 (AFR) – Brighter news on Chinese economy – China manufacturing lifts but slowdown persists

(24 Jan 2015, AFR, p13, Angus Grigg Shanghai) ‘The Chinese economy has begun the year on mildly positive note with a modest pick-up in manufacturing activity, even as the spectre of deflation remains. In a week when China reported its slowest growth rate in 24 years and the International Monetary Fund downgraded its outlook, the latest … Continue reading

19 Jan 2015 (AFR) – Interest rates cut for online accounts as competition for deposits wanes

(19 Jan 2015, AFR, p14, Clancy Yeates) ‘Banks are slicing interest rates on popular online savings accounts as competition for deposits wanes and costs are pushed up by new regulations. Major lenders including ANZ Banking Group, Westpac Banking Corp and HSBC have cut various rates on online saver products this month, continuing the recent trend … Continue reading

13 Nov 2014 (AFR) – Five banks pay $3.3 billion in first fx-rigging settlement

(13 Nov 2014, AFR, p16, Suzi Ring, Bloomberg) ‘London: Regulators in the US, Britain and Switzerland ordered five banks to pay about $3.3 billion in the first wave of penalties since authorities began a global probe into the rigging of key foreign-exchange benchmarks last year.’ ‘Switzerland’s UBS AG was ordered to pay the most at … Continue reading

24 Oct 2014 (AFR) – China factory activity lifts, but output drops

(24 Oct 2014, AFR, p36, Lisa Murray AFR correspondent) ‘China’s factory sector reported a small pick-up in business activity during October as better hiring conditions offset a drop in output, extending a run of mixed economic data for the world’s No. 2 economy. While stronger exports are supporting manufacturers, overall demand remains weak and output levels … Continue reading

24 Sept 2014 (AFR) – Small improvement by China’s factories brings relief for shares

(24 Sept 2014, AFR, p15, Vesna Poljak) ‘Hopes of a rebound in China’s factory output this month helped alleviate ­concerns it is headed for a hard landing, consolidating gains for Australian shares and the currency on Tuesday. With the value of iron ore trading below $US80 a tonne for the first time in five-years to … Continue reading

24 Sept 2014 (TheAge) – Australian shares get a Beijing bounce on Chinese factories

(24 Sept 2014, The Age, BusinessDay, p33, Misa Han) ‘A rebound in the big banks and a better than expected reading of Chinese factory activity powered a rally in Australian shares. The local market bounced back after trading below its 2013 closing price the morning after the spot price of iron ore fell below $US80 … Continue reading

22 Aug 2014 (AFR) – China’s factory production disappoints: HSBC

(22 August 2014, AFR, p30, Lisa Murray) ‘China’s manufacturing ­sector slowed sharply in August, prompting speculation the government will be forced to do more to ­stimulate the economy, which is being dragged down by a weak ­property sector.’ <snipped…> ‘The survey, compiled by HSBC and Markit Economics, follows a worrying drop in new lending last month and … Continue reading

2 Aug 2014 (AFR) – China factory output beats estimates – manufacturing activity picks up

(2 August 2014, AFR, p13, Xiaoqing Pi) ‘China’s manufacturing grew in July at the fastest pace in more than two years, signalling a pick-up in economic growth is strengthening amid government support policies. The Purchasing Managers’ Index was at 51.7, the China Federation of Logistics and Purchasing said on Friday, beating the median 51.4 estimate … Continue reading

25 Jul 2014 (AFR) – China HSBC flash PMI hits 18-month high

(25 July 2014, AFR, p30, Xiaoqing Pi) ‘A Chinese manufacturing gauge rose to an 18-month high in July, bolstering the government’s chances of meeting its 2014 economic growth target of about 7.5 per cent. The preliminary purchasing managers’ index from HSBC and Markit Economics was at 52.0, topping the 51.0 median estimate of analysts in a … Continue reading

2 Jul 2014 (AFR) – China manufacturing gauge jumps to six-month high

(2 July 2014, AFR, p35, Angus Grigg) ‘China’s targeted stimulus measures have averted a sharp downturn in growth and helped the country’s giant manufacturing sector post its strongest performance this year. The official Purchasing Manufactures Index for June, released on Tuesday, edged towards 51 as new orders rose and job shedding eased. The final HSBC … Continue reading

24 Jun 2014 (AFR) – China manufacturing finally starts to grow – growth lifts $A

(24 June 2014, AFR, p14, Lisa Murray AFR correspondent) ‘China’s efforts to boost its economy through targeted lending, tax breaks and public spending is starting to pay off with a new private-sector business survey showing conditions improved for the first time in six months in June. Factory output and new orders increased by more than … Continue reading

11 Jun 2014 (AFR) – China’s inflation remains below government target

(11 June 2014, AFR, p14, Lisa Murray AFR correspondent) ‘China’s consumer prices posted their biggest increase in four months during May, easing fears the world’s second-largest economy was slipping into a period of deflation. While economists are still concerned about sluggish domestic demand and a drop in property investment…’ Read more at (might need … Continue reading