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Showing 2221 - 2230 of 4774 results for "July 8"

Flashes: activity expansion and moderating inflation

BENJAMIN ONG  |  TUESDAY, 25 JUL 2017
... composite PMI eased for the second straight month in July to its lowest level in six months, but with a reading of 55.8 in July (up from 56.3 in June), "the index remained at an elevated level by historical standards and signaled one of the strongest ...

Not showing: inflation

BENJAMIN ONG  |  MONDAY, 24 JUL 2017
RBA deputy governor Guy Debelle snuffed hawkish interpretations of the minutes of the 4 July RBA meeting - particularly, the minutes' reference to a 3.5% neutral cash rate - reversing the Australian dollar's upward run. "...the current (nominal) cash ...

AMP Capital appoints independent directors

KARREN VERGARA  |  FRIDAY, 21 JUL 2017
AMP Capital appointed three non-executive directors to its responsible entity and trustee boards. John Nesbitt, Ming Long and Peter Rowe will join the AMP Capital Funds Management and AMP Investment Services boards effective July 28. Serving as the ...

Good jobs, sluggish pay

BENJAMIN ONG  |  FRIDAY, 21 JUL 2017
Although not completely gangbusters, the latest Australian labour market update provided another justification for the optimism and seemingly hawkish turn the Reserve Bank of Australia (RBA) conveyed in the minutes of its 4 July board meeting. The Australian ...

ASIC audits limited AFSLs

KARREN VERGARA  |  THURSDAY, 20 JUL 2017
ASIC recently audited 20 limited AFSL holders to assess how they were faring with their obligations following the removal of an exception for accountants to give advice on SMSFs in July last year. ASIC found licensees were uncertain about steps they ...

The bull and bear market in iron ore

BENJAMIN ONG  |  THURSDAY, 20 JUL 2017
... the Treasury's forecast seems largely on track as iron ore prices have lifted to an average of US$64.70/tonne so far in July (the first month of the September quarter) from the second quarter's average of US$62.11/tonne. While iron ore's "technicals" ...

Jump goes the Aussie

BENJAMIN ONG  |  WEDNESDAY, 19 JUL 2017
Here we go again, extrapolating as we go. After projected to fall to US$0.70 (or less) only last month, the tide has turned for the Australian dollar after it jumped to a 26-month high versus the greenback to US$0.7933. It's now extrapolated to keep ...

The problem with currency extrapolation

BENJAMIN ONG  |  TUESDAY, 18 JUL 2017
It seemed so long ago now that a "bag the Aussie dollar" campaign was what we read in financial media. The Australian dollar was trading at about US$0.75 then, it closed at US$0.7832 on 14 July and is currently trading at US$0.78. It's exactly two months ...

Is the Fed the victim of its own success?

BENJAMIN ONG  |  MONDAY, 17 JUL 2017
... Poloz that helped justify the Canadian central bank's decision to lift interest rates by 25 basis points to 0.75% on 12 July - making it the first developed country central bank to follow the Fed into policy normalisation. That's fine and dandy. Everyone ...

Dovish Fed, hawkish BOC

BENJAMIN ONG  |  THURSDAY, 13 JUL 2017
Janet's in the house. US Fed Chair Janet Yellen's much-awaited testimony did not differ greatly from what was already divulged in the FOMC statement released on 14 June - when the Fed raised the fed funds rate by 25 basis points to 1%-1.25%. In her ...