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Australian GDP Growth to Weaken in the Second Quarter
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👤Lisa Harris
🕔September 4, 2016
A large number of market analysts currently share an opinion that a slowing was shown by Australia’s economic growth in the second quarter of 2016. These market analysts including central bank economists, believe that Australian Q2 GDP growth will be a fraction of the rate seen in the first quarter.…
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Australian Retail Sales Show Slowing in July
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👤Nurudeen Amedu
🕔September 1, 2016
Australian retail sales for the month of July has shown no growth as it flat lined for the first time since 5 months, this report reveals a strong deceleration in the Australian economy since the beginning of the third quarter.…
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👤Lisa Harris
🕔August 14, 2016
Australian corporate bonds are losing out to their U.S. counterparts for the first time in six years, as the South Pacific nation wrestles with the aftermath of a mining bonanza. Lenders and Resource companies fell behind as a gauge of corporate notes Down Under returned 4.2%this year, trailing an 8.8% rally in U.S.…
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👤Xinyang
🕔August 10, 2016
Consumer Sentiment Index for Australia rose 2.0 percent to 101 in August of 2016, compared to a 3.0 percent drop in July. Expectations over economic conditions over the next 12 months increased by 3.5 percent, following a sharp decline in a month earlier.…
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👤Arthur Greene
🕔August 8, 2016
The Chinese economy, which is the world’s second-largest economy, has yet released another trade data that shows Australia’s No. 1 trade partner had a dropping 4.4% in exports year over year in July. A slide of 3.5% was expected, but the eventual outcome proved to be at least better than the 4.8% seen beforehand.…
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👤Xinyang
🕔August 3, 2016
Retail sales in Australia rose 0.1 percent month-on-month in June of 2016 from a 0.2 percent increase in May and below market expectations of 0.4 percent. Australia’s retail sales have underwhelmed yet again in June. The disappointing result, not only in June but over the first half of the year, saw the year-on-year growth rate slow to just 2.76%, the weakest seen since July 2013.…
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👤Xinyang
🕔August 2, 2016
Fundamental brief overview
AUD/USD ended up falling across the board after the Reserve Bank of Australia (RBA) decided to lower the cash rate by 25bps to a fresh record low of 1.5%, which will be effective from 3rd August 2016. However, the drop was temporary and the price is starting to rebound up.…
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Australia Cuts Interest Rate to Fresh Record Low of 1.5%
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👤Xinyang
🕔August 2, 2016
During the meeting held on August 2nd, the Reserve Bank of Australia decided to lower the cash rate by 25bps to a fresh record low of 1.5%, which will be effective from 3rd August 2016. While highlighting that inflation in Australia to be quite low for some time, policymakers judged prospects for sustainable growth in the economy would be improved by easing monetary policy.…
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👤Arthur Greene
🕔July 24, 2016
- Concise RBA meeting minutes
- Brexit holds centre stage in RBA discussions
Members of the Reserve Bank of Australia started their dialogue of the developments in the financial markets by noting that the markets have had increased volatility since during the period of the Brexit.…
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