Australia’s Central Bank, the Reserve Bank of Australia (RBA) cut its benchmark cash rate by 25 basis points to an all-time low of 1%. This following a cut of 25 basis points in June. This is the first time since 2012 that the RBA has delivered back-to-back interest rate cuts.
After a very quiet few weeks, we will restart normal service beginning July 1. We promise to again bring you a completely refreshing perspective on everything finance, markets and banking. This time it is different.
(Apologies for the delay in this being published, it should have been published almost a month ago.)
May 2019 was the quietest month (till date) for us due to unprecedented reasons. We had hoped April 2019 will be the quietest month but turns out this time it was (again) different. Hoping to write more going forward starting July but don’t want to promise that.
At the end of March 2019, the employment rate for the United Kingdom was estimated at 76.1%, the joint- highest figure on record. The UK economic inactivity rate was estimated at 20.8%, again close to a record low.
UK gross domestic product (GDP) in volume terms was estimated to have increased by 0.5% in Q1 (January to March) 2019. In comparison with the same quarter a year ago (Q1 2018) UK GDP increased by 1.8%, the fastest growth since Q3 2017.
Amazon accounts for about 52% of all online retail sales in the U.S. and its performance acts as a barometer for total online sales growth for the United States.
The most recent sales report for Amazon was for Q1 (January to March) 2019. Net sales increased 17% to $59.7 billion in the first quarter, compared with $51.0 billion in first quarter of 2018. Gone are the days when Amazon was growing at 200%, 100% or even 40%. The base is inevitably large now but what really is happening at Amazon?