Equities

In this Coronavirus analysis and outlook report, we discuss Western Europe, Victoria, lockdowns, global themes & more.

We recap some of the profit reporting season highlights from last week including Insurance Australia Group (IAG), Commonwealth Bank (CBA), QBE Insurance Group (QBE) and Breville Group (BRG).

APRA notified ADIs and insurers back in April of the expectation “to limit discretionary capital distributions in the months ahead, to ensure that they instead use buffers and maintain capacity to continue to lend and underwrite insurance”.

The Federal Reserve’s two-day monetary-policy meeting will highlight a busy week for economic news, which includes manufacturing data out of China. Also on tap is the first look at second-quarter gross domestic product in the U.S. and Europe.

The hacking of 130 high-profile Twitter accounts on Wednesday 15 July is a reminder of the growing importance of cybersecurity in the new digital age. HACK provides exposure to a diversified portfolio of the largest leading and emerging cybersecurity companies in the world.

A summary of US economic data for the week, outlining the expected gains from sales of existing and new U.S. homes, Eurozone reports on consumer confidence data and the Chinese economy.