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Showing 41 - 50 of 127 results for "Economic Update"

Daily economic update

BENJAMIN ONG  |  WEDNESDAY, 10 MAY 2006
Federal Treasurer Peter Costello unveiled his 11th Budget last night, delivering a fiscal surplus worth around $11.9 billion. According to the 2006/2007 Budget Papers, the government plans to spend $219.7 billion of its projected $231.6 billion in revenues. ...

Daily economic update

BENJAMIN ONG  |  TUESDAY, 9 MAY 2006
Financial markets await tonight's unveiling of the country's federal budget and tomorrow night's monetary policy deliberation by the US Federal Reserve. Australian Federal Treasurer Peter Costello will announce his 11th Budget tonight in Canberra where ...

Daily Economic Update

The Australian Bureau of Statistics (ABS) released data showing that total dwelling units approved increased by 2.2 per cent in March. A sharp 13.8 per cent surge in approvals for 'other' private sector dwelling units, which offset the 2.5 per cent ...

Daily economic update

US economic data continues to surprise on the upside, creating doubts over expectations that the US Federal Reserve is nearly finished with its interest rate hikes. US factory orders surged by 4.2 per cent in March following an upwardly revised gain ...

Daily economic update

BENJAMIN ONG  |  WEDNESDAY, 3 MAY 2006
The Reserve Bank of Australia (RBA) finally put to rest market speculation over monetary policy by raising the official cash rate by 25 basis points to a five year high of 5.75 per cent. The RBA last lifted interest rates in March 2005. Market expectations ...

Daily economic update

BENJAMIN ONG  |  TUESDAY, 2 MAY 2006
While Australia anxiously awaits the RBA's decision on monetary policy, strong US economic reports released overnight kept alive expectations that the US Federal Reserve will continue to raise interest rates. Coming on top of the weekend's strong 4.8 ...

Daily economic update

BENJAMIN ONG  |  FRIDAY, 28 APR 2006
In an unexpected move, the Peoples Bank of China increased its one year lending rate to 5.85 per cent - the first increase since October 2004 - from 5.58 per cent. Undoubtedly the move was taken in order to cool China's overheating economy. Chinese ...

Daily economic update

A sharp increase in durable goods orders in March affirms expectations of a strong first quarter US GDP growth. US durable goods orders rose by 6.1 per cent in March - the biggest increase in 10 months - following a 3.4 per cent rise in the previous ...

Daily economic update

Australian headline consumer prices rose by a slightly higher-than-expected 0.9 per cent in the March quarter taking the annual inflation rate to 3 per cent - right at the upper limit of the Reserve Bank of Australia's 2-3 per cent target band. Financial ...

Daily economic update

Economic data released today becomes less significant for forward viewing compared with the continuing escalation in crude oil prices. Crude oil set a new record US$72.49 high in overnight trade after a car bomb in Nigeria kept alive investor concerns ...