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Economics

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.

Daily economic update

BENJAMIN ONG  |  WEDNESDAY, 17 MAY 2006
The Australian Bureau of Statistics (ABS) Labour Price Index report and a drop in consumer confidence increases the likelihood that the RBA will keep rates on hold for the rest of this year.

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. Chinese currency breaks above psychological yuan 8 per US$1 level.

Weekly economic round-up

BENJAMIN ONG  |  MONDAY, 15 MAY 2006
Interest rate concerns dominated last week's trading activity after the US Federal Reserve, as expected, announced another 25 basis point tightening in monetary policy, taking the federal funds rate target to 5 per cent.

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. The US Federal Reserve raises interest rates to 5 per cent as expected.

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.

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.

Weekly economic round-up

BENJAMIN ONG  |  MONDAY, 8 MAY 2006
Following a week of controversy surrounding the Reserve Bank of Australia's (RBA) announcement of a 25 basis point hike in the country's official cash rate, this week will give financial markets more variables to digest as the Federal Treasury delivers ...

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.