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Showing 101 - 110 of 1087 results for %22late April%22

Chief economist update: Anchoring the recovery

BENJAMIN ONG  |  TUESDAY, 15 JUN 2021
... foretells continued improvement. The IHS Markit Eurozone PMI composite index increased to a reading of 57.1 in May from 53.8 in April - the highest since February 2018 and the third straight month indicating expansion. The manufacturing sector recorded ...

Chief economist update: US inflation may not be as transitory as the Fed believes

BENJAMIN ONG  |  FRIDAY, 11 JUN 2021
... Street rallied last month when the US Bureau of Labor Statistics (BLS) reported that the US economy added 266,000 jobs in April, well-below market expectations for a nearly 1 million gain (978,000 to be exact), but sold off three days later when the ...

Chief economist update: Deflated expectations lift deflation expectations

BENJAMIN ONG  |  THURSDAY, 10 JUN 2021
... to drive growth in the country's consumer prices significantly beyond zero. In his press conference after the 27-28 April FOMC meeting, Fed Chairman Powell stated that, "Readings on inflation have increased and are likely to rise somewhat further ...

Chief economist update: The devil's in the headline US payrolls number details

BENJAMIN ONG  |  TUESDAY, 8 JUN 2021
... the creation of 650,000 to the employment heap. A repeat of the previous month's big disappointment -- 266,000 jobs in April (revised up to 278,000 in the latest report, well-below market expectations for a nearly one million gain (978,000 to be ...

Vanguard appoints fund administrator

KANIKA SOOD  |  MONDAY, 31 MAY 2021
... ormerly Grow Super ) as its a dministrator for its superannuation offering that it expects to launch later this year. On April 28, a consortium including Pacific Equity Partners and Carlyle Group withdrew their October 12 bid to acquire Link. Link is ...

Chief economist update: The UK's going OK

BENJAMIN ONG  |  MONDAY, 31 MAY 2021
... highest since 1992 - from the final reading of 60.9 in the previous month. The flash UK services PMI went up from 61.0 in April (final reading) to 61.8 in May - a 91-month high (October 2013). These justify the Bank of England's (BOE) decision at ...

Chief economist update: Victoria's victory against the virus voided

BENJAMIN ONG  |  FRIDAY, 28 MAY 2021
... lockdowns of days past. Although the Westpac-Melbourne Institute index of consumer confidence dropped by 4.8% in May from April, the 113.1 reading is the second highest since April 2010. And why not? Australia's labour market continues to improve ...

Chief economist update: RBNZ will run out of patience next year

BENJAMIN ONG  |  THURSDAY, 27 MAY 2021
... domestic consumption and poor tourist arrivals during the peak summer season, it predicts GDP growth to accelerate to 3.9% by late 2022 that, in turn, would turn the output gap from negative to a big positive. This is supported by its unemployment and ...

Chief economist: The wages of slow wages growth

BENJAMIN ONG  |  THURSDAY, 20 MAY 2021
... RBA's expectations of "around 51/4 per cent by mid 2023". Australia's unemployment rate fell to around 5.0% between late-2018 and early-2019, yet growth in total wages growth reached a high of only 2.3% during that period and the annual rate ...

Chief economist update: Confidently sustaining the recovery

BENJAMIN ONG  |  WEDNESDAY, 19 MAY 2021
Simply stunning! "The April survey result is simply stunning - with many variables reaching survey highs. Conditions reset last month's high, driven by further gains across trading conditions, profitability and employment. Confidence has also set ...