Mark Mulligan

Mark Mulligan

Political accord vital amid global volatility, says KPMG head

Mark Mulligan We mustn't wallow in the challenge of what we can't do, says the chairman of KPMG Australia.

$A survives election but drops on global jitters

Despite a sharp fall overnight, the Aussie looks resilient regardless of the RBA's next move, say some.

Mark Mulligan After shrugging off the fallout from the still undecided election, the $A has been caught up in a fresh bout of global jitters.

Reserve Bank leaves cash rate on hold at 1.75 per cent

The RBA's decision to hold rates for now was widely expected.

Mark Mulligan The RBA has left the cash rate on hold at 1.75 per cent but governor Glenn Stevens hinted at cuts ahead if inflation remains low

Retail sales weak despite May rate cut

Sales at department stores were flat, and turnover in household goods and clothing and footwear dropped more than 1 per cent month-on-month.

Mark Mulligan The value of retail sales across Australia rose just 0.2 per cent in May, seasonally adjusted, despite the RBA's rate cut that month.

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Election logjam won't force RBA rate cut this week

A lot to think about. But RBA governor Glenn Stevens will not cut rates this week, say economists.

Mark Mulligan Australian politics is a mess but it won't be enough to force the RBA's hand at its meeting on Tuesday, say economists.

How the $A went from commodity currency to rock solid

Mark Mulligan The Aussie is garnering a surprising reputation as a safe-haven bet.

Australian economy solid but global storm clouds are gathering

Protesters unhappy with the shock result of the UK referendum on EU membership. Fallout from the vote is just one of many global challenges.

Mark Mulligan Low inflation, coupled with global challenges, suggest at least one more cash rate cut this year is a near-certainty.

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Brexit tipped to push $A higher, RBA to cut rates

Currency upheaval. Once the dust settles, the Aussie could prove to be an out-performer.

Mark Mulligan The fallout from Brexit could make the Australian dollar even more attractive say economists who tip the RBA will cut the cash rate again.

Barclays first hawk to switch RBA rate call

Market turmoil and the blow to corporate and investor sentiment now makes a cash rate cut more likely in August.

Mark Mulligan Barclays on Tuesday became the first forecaster to formally switch its call for the RBA's August board meeting.

Brexit not enough to force July cash rate cut

A lot to think about. Current market pricing suggests RBA governor Glenn Stevens will be forced to cut rates in August.

Mark Mulligan Fallout from Britain's shock vote to exit the EU will not be enough to force a cash rate cut at next week's RBA meeting.

Brexit will not force RBA rate cut, say economists

Australia's main concern at the moment is the hit to corporate, consumer and investor confidence as the world digests the ramifications of Brexit.

Mark Mulligan Global markets are braced for further volatility this week, but the direct impact on Australia of Britain's decision to exit the European Union should not go too far beyond the hit to investor...

Brexit shock waves to further rattle markets

London traders try to make sense of the unfolding referendum drama on Friday. More volatility is expected this week.

Mark Mulligan Markets are set for further volatility this week as the after-shocks of Britain's historic vote to leave the European Union continue to rumble across the globe.

Scope economic survey: How the BusinessDay forecasting panel sees 2016-17

The Scope Business Day economic survey aggregates the views of financial market economists, academics and industry economists.

Peter Martin and Mark Mulligan The mid-year Scope BusinessDay economic survey - Australia's longest running - predicts economic growth of just 2.6 per cent in 2016-17.

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Brexit vote: Markets brace for turmoil

A pedestrian walks past a sign for a polling station in London on Thursday.

Mark Mulligan and Patrick Commins The future of Europe's 60-year experiment in political and economic co-operation is in the balance today as votes are counted in Britain's referendum on its 43-year membership of the European...

Aussie back to where it was before rate cut

The Aussie is now back to where it was before the last RBA cash rate cut

Mark Mulligan The Australian dollar on Thursday was back to where it was before last month's rate cut, driven higher partly by investor appetite for risk ahead of Thursday's vote on Britain future in the European...

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Trading firms up margins to cover Brexit volatility

Despite relative calm on markets this week, badly positioned investors could incur heavy losses if Britain votes to leave the EU.

Mark Mulligan and Jonathan Shapiro Anxious brokers are forcing clients to stump up cash against positions on the results of Britain's European Union vote.

Aussie touches six-week high amid Brexit calm

A well-flagged vote: Calm has been restored to markets amid confidence that Britain will remain in the European Union.

Mark Mulligan The Australian dollar touched a six-week high as investors took positions ahead of the Brexit vote.

Few cash rate clues in RBA minutes

Reserve Bank governor Glenn Stevens gives the Turnbull government's financial management a vote of confidence ... sort of.

Mark Mulligan The RBA has given no strong signals of a further cut to the cash rate.

A wrong turn for China could lead to economic stagnation

A recovery in the property sector has taken some pressure off the Chinese economy.

Mark Mulligan China is at a crossroads where a wrong turn could lead to economic stagnation, says the chief China economist for Citi.

Countdown to Brexit: Asian markets will be the first to react

Battle of Britain. A flotilla of

Mark Mulligan Britons vote this Thursday in a referendum on whether or not to stay in the EU after more than 40 years inside the political and economic bloc.