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Showing 31 - 40 of 127 results for "Economic Update"

Daily economic update

BENJAMIN ONG  |  WEDNESDAY, 31 MAY 2006
As expected, Australia's trade deficit narrowed to $1.1 billion in April, a 27.6 per cent improvement from the revised March shortfall of $1.5 billion and better than market expectations for a deficit of $1.4 billion. Exports, or what the ABS term as ...

Daily economic update

BENJAMIN ONG  |  TUESDAY, 30 MAY 2006
The Australian Bureau of Statistics (ABS) reports that retail sales rose by a larger-than-expected 1.4 per cent in April, giving credence to the RBA's May decision to lift interest rates. The April rise in retail spending is nearly five times market ...

Daily economic update

BENJAMIN ONG  |  FRIDAY, 26 MAY 2006
Last night's revision to first quarter US National Accounts provided some good news to financial markets. US real GDP growth in the first quarter was upwardly revised to 5.3 per cent - the fastest pace since the third quarter of 2003 -- from the initial ...

Daily economic update

BENJAMIN ONG  |  THURSDAY, 25 MAY 2006
The Bank of Canada raised interest rates by 25 basis points to 4.25 per cent - the highest they have been since August 2001 and the seventh consecutive hike in the country's official interest rates. In the US, interest rate watchers will welcome the ...

Daily economic update

BENJAMIN ONG  |  WEDNESDAY, 24 MAY 2006
The Organization for Economic Cooperation and Development (OECD) expects growth for its 30-member industrialised countries to be 3.1 per cent this year. This compares with International Monetary Fund (IMF) forecast for global economic growth of 4.9 ...

Daily economic update

BENJAMIN ONG  |  FRIDAY, 19 MAY 2006
The pattern of it's on again off again - rate hikes that is - continues in the US. Financial markets settled down slightly overnight following calming words by US Federal Reserve officials. Equity and bond markets tumbled yesterday following the release ...

Daily economic update

BENJAMIN ONG  |  WEDNESDAY, 17 MAY 2006
Today's Australian Bureau of Statistics (ABS) Labour Price Index report indicates that little upward pressure on inflation from wages. The wage price index (WPI) rose by 0.9 per cent in the March quarter and 4 per cent over the year. These are less ...

Daily economic update

BENJAMIN ONG  |  TUESDAY, 16 MAY 2006
Foreign purchases of US securities reached US$69.8 billion in March, lower than market expectations of US$79.9 billion and down from purchases amounting to US$90.5 billion in the previous month. Purchases of US Treasuries were just US$3.1 billion in ...

Daily economic update

BENJAMIN ONG  |  FRIDAY, 12 MAY 2006
The Australian Bureau of Statistics (ABS) released figures showing that the total value of dwelling finance commitments rose by 1.2 per cent in March. While the figures provide a positive connotation for the housing market, these have lost their relevance ...

Daily economic update

BENJAMIN ONG  |  THURSDAY, 11 MAY 2006
Australian employment fell by 3,200 in April, partially reversing the hefty 27,000 gain reported in the previous month. This is lower than market expectations of a flat outcome for the month. Full-time employment rose by 22,700 last month but this was ...