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Economics

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. Australian real GDP expanded by a faster than expected 0.9 per cent in the March quarter.

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.

Weekly economic round-up

BENJAMIN ONG  |  MONDAY, 5 JUN 2006
The Reserve Bank of Australia (RBA) will meet again tomorrow to deliberate on domestic monetary policy settings. Expect no change in interest rates.

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.

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. However, continued weakness in the housing market puts into question ...

Weekly economic round-up

BENJAMIN ONG  |  MONDAY, 29 MAY 2006
Investor anxiety ebbed slightly over the course of last week's financial market trading activity with both volatility and risk aversion easing from heightened levels.

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.

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.

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.

Weekly economic round-up

BENJAMIN ONG  |  MONDAY, 22 MAY 2006
When the US sneeezes... Market volatility increased last week as markets for bonds, equities and commodities sold off after higher than expected US CPI inflation data doused market expectations that the US Federal Reserve will give interest rate hikes ...