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Economics

Latest US GDP growth could herald gains in equities in the short-run

State Street Global Advisors have confirmed the stunning 7.2 per cent growth in US GDP in the September quarter by saying that growth during the fourth quarter would likely be atleast 4%.

Better times coming for exports: Vaile

AAP  |  FRIDAY, 31 OCT 2003
The September balance of trade figures were disappointing but there were signs Australia's export faced better times in the coming year, Trade Minister Mark Vaile said today.

Agribusiness conditions improve marginally for the September quarter: NAB survey

Agribusiness conditions have improved marginally during the September quarter, to remain at a relatively weak level, the latest National Australia Bank (NAB) quarterly agribusiness survey has revealed.

Trade gap widens in September

AAP  |  THURSDAY, 30 OCT 2003
Australia's trade gap widened in September as a rebound in imports outpaced a recovery in exports.

Afternoon Market Wrap: All Ords finish higher led by ANZ

The Australian share market finished higher today, as strong trading in ANZ led blue chips higher despite a slide in BHP Billiton.

Government's latest super bills face criticism from opposition

Following what has been one of the most significant passages of superannuation legislation in recent times, the Government's announcement of a cut in superannuation surcharge for high-income earners and co-contribution to low-income earners has led to ...

Rise in building approvals expected: economists

AAP  |  WEDNESDAY, 29 OCT 2003
A small rise in building approvals in September is expected to keep Australia's housing sector bubbling along at high levels, economists said.

Afternoon Market Wrap: $A closes above 70 cents, Nikkei edges higher

The Australian dollar closed well above 70 US cents today, buoyed by very strong world commodity prices and a wide interest rate differential with the United States.

International economic growth should lift Australia's economy: QIC economist

Strong international economic growth in the near future is likely to lift Australia's economy, with external demand increasingly taking up the baton while the domestic economy begins to moderate (due to Reserve Bank action)

Nikkei rises in afternoon trade, while domestic bonds close weaker

WITH AAP  |  MONDAY, 27 OCT 2003
Japanese share prices rose 1.15 percent today, led by domestic demand linked companies, dealers said. The Tokyo Stock Exchange's Nikkei-225 index gained 118.42 points to close at 10,454.12.