As part of the 2021/22 Federal Budget, the Treasurer reiterated the importance of border reopenings. This will enable the Australian economy to benefit from tourist spending, and should lift migration levels.
There is a concern that it might not be possible to maintain strong economic growth without the arrival of highly-skilled immigrants.
Overall news flow remained supportive of risk assets including equities and credit and enabled most major share markets to make positive progress.
A rally in the second half of the month helped global share markets generate solid gains in January, extending the rally from November and December.
Recent research shows why giving to others can provide us with a mental boost. We feel happier when we have a choice in how and who we give, and when we see the results of our generosity.
Investment markets have shown a lot of enthusiasm for AI and Chat GPT technology. AI productivity gains could boost economic growth and
share market performance across the world.