Insurance Online WA in Perth, Western Australia | Financial service

Insurance Online WA

Locality: Perth, Western Australia

Phone: +61 409 314 987

Address: 72B Glenelg St 6153 Perth, WA, Australia

Website: http://insuranceonlinewa.com.au

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21.01.2022 Latest news * In US economic data, existing home sales rose by 0.4% to 5.47 million annualised rate in January - the highest level since July. Gains were concentrated in the Midwest where sales were up 4%. At January's sales pace it would take 4 months to clear the stock of houses on the market (six months' supply is considered healthy). The Conference Board consumer confidence reading fell from 97.8 to 92.2 in February - a six month low. * European shares fell on Tuesday dri...Continue reading

20.01.2022 good afternoon all. The Reserve Bank of Australia has again decided to leave the official cash rate at 2.00%. This approach was again predicted by many commentators as the Reserve Bank ignored recent scare mongering around the Australian housing market as it continues to assess the impact of movements in the Australian dollar and a volatile share market. The task of the RBA was more difficult this month due to the timing of their meeting and a lack of key economic data being ...available, both of which supported a wait and see approach. Even though the cash rate has remained unchanged, lenders are making daily changes to lending rates so it's still wise for us to talk if we haven't spoken in a while to ensure you're still in the right finance solution. Martyn, get in touch today to make sure you are taking advantage of regular changes in the increasingly competitive mortgage market. See more

19.01.2022 Latest news * In US economic news, factory orders fell by 1.7% in February in line with forecasts. Excluding transport, orders fell 0.8%. The ISM New York index rose from 720.8 to 721.0 in March. The ISM New York Biz conditions index eased from 53.6 to 50.4 in March. * European shares rose modestly on Monday. Healthcare and utilities led the gains but there was weakness in the French telecom sector after merger talks between Orange and Bouygues collapsed. Shares in Bouygues f...ell by 13.5% with Orange down 6.2%. The FTSEurofirst 300 index rose by 0.5% with the German Dax and the UK FTSE both up 0.3%. In London trade, shares in BHP Billiton fell by 0.4% while Rio Tinto rose by 1.7%. * US sharemarkets fell modestly on Monday in thin trade. Shares in Virgin America rose by 41.7% after it agreed to be bought by Alaska Air. The Dow Jones index fell by 56 points or 0.3% with the S&P 500 index also down by 0.3% while the Nasdaq fell by almost 23 points or 0.5%. * US treasuries were little changed on Monday. While economic data was weaker than expectations, the news seemed to balance Friday's good jobs data. Boston Federal Reserve President Eric Rosengren said in a speech on Monday that he thought it surprising that financial markets were pricing in at most one rate hike this year. US 2-year yields were flat at 0.744% while US 10-year yields were down 1 point to 1.762%. * Major currencies were mixed again the US dollar in the European and US sessions. The Euro rose from lows near US$1.1355 to highs near US$1.1405 before ending US trade at US$1.1390. The Aussie dollar fell from highs near US76.40c to lows around US76.00c and ended US trade near the lows. And the Japanese yen rose from 111.72 yen per US dollar to JPY111.07, and ended US trade at JPY111.31. * Global oil prices fell by 2.5-3.0% on Monday. Traders and investors continue to doubt that major producers will act in unison to freeze output at current levels. Supporting prices was an outage in the US Keystone pipeline in South Dakota that may affect supplies to the Cushing, Oklahoma crude delivery hub. Brent crude fell by US98c or 2.5% to US$37.69 a barrel. US Nymex fell by US$1.09 or 3.0% to US$35.70 a barrel. * Base metal prices fell by up to 2% on the London Metal Exchange with lead down the most. But nickel bucked the trend, rising by 0.5%. The Comex gold futures price fell by US$4.20 an ounce or 0.3% on Monday to US$1,219.30 per ounce. Iron ore was unchanged at US$54.00 a tonne due to a market holiday. Ahead: In Australia the Reserve Bank Board meets to decide on interest rates in Hobart. Weekly consumer confidence data is released together with new car sales and international trade data. In the US, the ISM services index is released with weekly chain store sales data and the JOLTS job openings series.

18.01.2022 We got a new logo!

14.01.2022 Good Afternoon, The Reserve Bank of Australia has again decided to leave the official cash rate at 2.00%. This decision was forecast by most commentators as the... Reserve Bank continues to assess the impact of recent upward movements in the Australian dollar and positive economic news around employment and retail spending. Complicating the issue is talk that lenders may increase interest rates independent of the Reserve Bank cycle, citing increased funding and regulatory costs. Therefore even though the cash rate has remained unchanged, it's still wise for us to talk to ensure you still have the appropriate financial solution for your current circumstances. See more

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10.01.2022 Welcome to our first edition of Haven for 2016. The great Australian dream of owning your own home is one that many still hold dear. While escalating property prices may make many first home owners feel that this dream is out of reach, continued low interest rates are a tantalising carrot that could be too hard to resist. Our lead story runs through the key ways of getting into the market if you're looking to buy your very first home. Dorothea Mackellar wrote of her love of a... sunburnt country, despite its flood and fire. Indeed the flipside of the very things we love about this wide brown land are the natural disasters we are exposed to. Recent devastating bushfires and floods are a timely reminder to carefully consider if you have adequate home insurance cover. Our story on this delves into what you need to know to ensure you are covered if the unthinkable happens. Oops, we need to correct a figure. In our last edition of Haven we noted the current compulsory superannuation rate as being 9 per cent, when it is in fact 9.5 per cent. Please don't hesitate to get in touch if there is anything we can do to help you with your home finance. We're just a phone call or email away. See more

09.01.2022 Latest news * China's central bank, the People's Bank of China, cut the bank reserve requirement ratio (RRR) for the fifth time in the past year and the first time since October 23. The RRR will fall by 50 basis points to 17% on March 1. * In US economic data, the Chicago purchasing managers index fell from 55.6 to 47.6 in February. The pending home sales index fell 2.5% in January (forecast +0.5%). And the Dallas Federal Reserve index improved from -34.6 to -31.8 in February.... * European shares rose on Monday after China injected fresh stimulus into its economy. The FTSEurofirst 300 index rose by 0.7%. But the German Dax was lower by 0.2% on softness in chemicals and utilities sectors. The UK FTSE lifted by less than 0.1%. In London trade, shares in BHP Billiton rose by 1.7% and Rio Tinto lifted 2.3%. * US sharemarkets traded in and out of positive territory on Monday. Traders were encouraged by fresh stimulus efforts in China. But economic data was soft and there was weakness in the healthcare sector. With an hour of trade to go, the Dow Jones was down by 50 points or 0.3%, the S&P 500 index lost 0.3%, while the Nasdaq was down by 8 points or 0.2%. * US treasuries were little changed as traders assessed a range of factors. Economic data was generally softer, equities were mixed and traders were looking ahead to the jobs report on Friday. US 2-year yields were flat near 0.79% while US 10-year yields fell by 3 points to 1.745%. * Major currencies were flat to modestly weaker against the US dollar after the European and US sessions. The Euro fell from highs near US$1.0960 to US$1.0860 and was trading near US$1.0880 in late US trade. The Aussie dollar held between US71.20c and US71.60c and was near US71.40c in afternoon US trade. And the Japanese yen broadly held between 112.67 yen per US dollar and around JPY113.24 and was near JPY112.81 in afternoon US trade. * Global oil prices rose on Monday, ending near session highs. China injected fresh stimulus into its economy and Saudi Arabia pledged to work with other oil producers to reduce price volatility. Brent crude rose by US87c or 2.5% to US$35.97 a barrel. US Nymex lifted by US97c or 3.0% to US$33.75 a barrel. * Base metal prices were mixed on the London Metal Exchange on Monday with aluminium up the most (up 1.2%) while tin lost 0.6%. The Comex gold futures price rose by US$14.00 an ounce or 1.1% to US$1,234.40 per ounce. Gold gained 10% in February, the biggest monthly gain in four years. Iron ore fell by US10c a tonne or 0.2% to US$48.90 a tonne. Ahead: In Australia the Reserve Bank Board meets. The home value index is released with government finance, the Performance of Manufacturing index and the Balance of Payments. In China the manufacturing purchasing managers indexes are released. In the US the ISM purchasing managers index is released with auto sales.

05.01.2022 Latest news * In US economic data, the ADP private employment report showed a gain of 214,000 jobs in February ahead of forecasts (190,000). The manufacturing sector shed 9,000 jobs - the second biggest decline in five years. The Fed Beige Book confirmed that activity continued to expand in most districts but varied considerably across regions. Consumer spending was suggested to have increased while manufacturing activity was flat. * European shares rose on Wednesday with th...Continue reading

04.01.2022 Latest news * In US economic news, new claims for unemployment insurance (jobless claims) rose by 7,000 to 265,000 in the latest week (forecast: 268,000). The Philadelphia Federal Reserve survey rose from minus 2.8 to +12.4 in March (forecast: minus 1.7). The leading index rose by 0.1% in February (forecast: +0.2%). And the current account deficit eased from US$129.9 billion to US$125.3 billion in the December quarter. * European shares were mixed on Thursday. Exporters ea...sed in response to a stronger Euro, banks also eased, while resource stocks lifted in response to higher oil and metal prices. The STOXX Europe 600 Basic Resources index lifted by 6.4% and the banks index fell by 1.2%. The FTSEurofirst 300 index fell by 0.1%, the German Dax lost 0.9% while the UK FTSE rose by 0.4%. In London trade, shares in BHP Billiton lifted by 7.7% and Rio Tinto rose by 5.4%. * US sharemarkets posted solid gains on Thursday as investors celebrated an economy in good shape with stable interest rates. Higher oil prices lifted the energy sector. Shares in FedEx soared by 11.8% after the courier company forecast earnings that were higher than market expectations. But shares in Eli Lilly fell by 4.7%, weighing on the healthcare sector. The Dow Jones gained 155 points or 0.9% after being up 203 points. The S&P 500 index was up by 0.7% while the Nasdaq rose by 11 points or 0.2%. * US long-term treasuries rose modestly (yields lower) despite gains also occurring in equities and commodity markets as well. US 2-year yields were steady at 0.867% while US 10-year yields fell by 2 points to 1.89%. * Major currencies rallied against the US dollar over European and US sessions. The Euro rose from lows near US$1.1215 to highs near US$1.1340 and was near US$1.1315 in late US trade. The Aussie dollar rose from lows near US75.85c to highs around US76.55c and was near US76.45c in late US trade. And the Japanese yen strengthened from 112.24 yen per US dollar to JPY110.67, and was near JPY111.42 in late US trade. * Global oil prices rallied again on Thursday in line with other commodities in response to a lower US dollar. A weaker greenback improves the purchasing power for commodity buyers in Europe and Asia. There is also the prospect of a supply agreement with Saudi Arabia and Russia due to meet on April 17. Brent crude rose by US$1.21 or 3.0% to US$41.54 a barrel. US Nymex rose by US$1.74 or 4.5% to US$40.20 a barrel. * Base metal prices rose by between 1.3-5.1% on the London Metal Exchange on Thursday with aluminium up the least and zinc up the most. The Comex gold futures price settled higher, up by US$35.20 an ounce or 2.9% to US$1,265.00 per ounce. Spot gold is now trading near US$1,256.00 an ounce. Iron ore rose by US$2.90 a tonne or 5.2% to US$55.40 a tonne. Ahead: In Australia, Luci Ellis, Head of the Reserve Bank's Financial Stability Department delivers a speech. In the US consumer sentiment data is released