Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 21 - 30 of 127 results for "Economic Update"

Daily economic update

BENJAMIN ONG  |  FRIDAY, 23 JUN 2006
The US equity and bond markets are reading from different pages but the result is the same - they both went down overnight. US bond yields rose last night reacting to reports suggesting rising inflationary pressure and therefore, more Fed interest rate ...

Daily economic update

BENJAMIN ONG  |  WEDNESDAY, 21 JUN 2006
US housing data released overnight has all but assured another Fed rate hike after its 28-29 June Federal Open Market Committee (FOMC) meeting. However, weak forward housing indicators put in doubt speculation for a further rate increase immediately ...

Daily economic update

BENJAMIN ONG  |  FRIDAY, 16 JUN 2006
Overnight US reports indicating that economic activity remains strong in spite of rising interest rates sparked a strong rally in US equities. The S&P 500 index increased by 1.8 per cent overnight - the largest one-day gain since April last year. The ...

Daily economic update

BENJAMIN ONG  |  THURSDAY, 15 JUN 2006
Last night's bigger than expected increase in US core consumer prices virtually sealed a 25 basis point interest rate hike at the 29 June Federal Open Market Committee meeting. US core consumer price inflation rose by 0.3 per cent in May - the third ...

Daily economic update

BENJAMIN ONG  |  WEDNESDAY, 14 JUN 2006
US producer prices increased by 0.2 per cent in May, lower than market expectations for a 0.4 per cent rise. However, the core PPI rate - which excludes food and energy - went up by a larger than expected 0.3 per cent. Year-on-year, headline PPI is ...

Daily economic update

BENJAMIN ONG  |  TUESDAY, 13 JUN 2006
European Central Bank (ECB) council member and Belgium Central Bank head Guy Quaden stated that the ECB will continue to raise interest rate if inflation pressures persist along with economic growth above potential. Quaden emphasised that there is not ...

Daily economic update

BENJAMIN ONG  |  FRIDAY, 9 JUN 2006
The almost simultaneous interest rate hikes by six central banks over the past two days drive home the point that rising inflation is a global problem. The move towards tighter monetary policy started with a surprise 175 basis point rate hike by the ...

Daily economic update

BENJAMIN ONG  |  THURSDAY, 8 JUN 2006
Today's strong Australian employment report is consistent with a strengthening growth trend in the economy but it is also increasing the bias towards further RBA rate hikes. Following yesterday's faster-than-expected 0.9 per cent growth in March quarter ...

Daily economic update

BENJAMIN ONG  |  WEDNESDAY, 7 JUN 2006
The Reserve Bank of Australia (RBA) kept the official cash rate target steady at 5.75 per cent following yesterday's Board meeting. Financial markets widely expected the move this time, unlike the controversial 25 basis point hike announced last month. ...

Daily economic update

BENJAMIN ONG  |  TUESDAY, 6 JUN 2006
US financial markets took a beating overnight with the stock market, the bond market and the US dollar all retreating. The S&P 500 index fell by 1.8 per cent - the worst performance since January 20, the Dow Jones average fell by a similar 1.8 per cent ...