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Tag: Australia

Australia Building Approvals Surge More Than Expected

Jul 03 2012 03:01:08 Stanimir Zhelev in Market

Australia's building approvals climbed more than expected in May, data from the Australian Bureau of Statistics showed Tuesday. Dwelling permits in May rose 27.3 percent on a month-on-month seasonally adjusted basis. This followed a 7.6 percent decline in the previous month. Read more

Australia Rate Decision On Tap For Tuesday

Jul 02 2012 23:31:15 Stanimir Zhelev in Market

The Reserve Bank of Australia will on Tuesday conclude its monetary policy meeting and then announce its decision on interest rates, highlighting a modest day for Asia-Pacific economic activity. The RBA is widely expected to keep rates on hold at 3.50 percent. Read more

Research: Reserve Bank of Australia Likely to Keep Rates unchanged at 3.5 Pct

Jul 02 2012 12:01:02 Stanimir Zhelev in Market

Quotes from Standard Chartered: -We expect the Reserve Bank of Australia (RBA) to keep rates unchanged at 3.5% at its meeting on 3 July. After a total of 75bps of cuts at the past two meetings, a pause appears to be in store. Read more

Australia Monthly Inflation Gauge Lowest Since Sept. 2009

Jul 02 2012 05:01:02 Stanimir Zhelev in Market

An indicator of monthly inflation in Australia eased in June to the lowest level since September 2009, a survey showed Monday. The TD Securities - Melbourne Institute monthly inflation gauge increased 1.6 percent in the twelve months to June. Read more

Australia Performance Of Manufacturing Index 47.2 In June - AiG

Jul 02 2012 01:31:02 Stanimir Zhelev in Market

An index measuring manufacturing conditions in Australia came in with a score of 47.2 in June, the Australian Industry Group said on Monday - remaining below the boom-or-bust level of 50 for the fourth consecutive month. The index was up sharply from the 42. Read more

Australia Td Inflation Gauge down 0.2 Pct in June, Lowest Since 2009

Jul 02 2012 01:31:02 Stanimir Zhelev in Market

Australian inflation gauge was reported down by 0.2 pct to hit its lowest since June 2009 on lower petrol prices Core inflation also flat on monthly basis while rising 1.9 pct in yy terms Annual pace now stands at 1. Read more

Research: Reserve Bank of Australia Looks Set to Pause at Its 3 July Meeting

Jun 29 2012 09:31:03 Stanimir Zhelev in Market

Quotes from Standard Chartered: -The Reserve Bank of Australia (RBA) looks set to pause at its 3 July meeting, though we believe it will cut rates again in August and September. May retail sales should reflect a mixed domestic picture outside of the labour market, which has been strong. Read more

Research: Monetary Policy in Australia Likely to be eased Further

Jun 29 2012 09:01:08 Stanimir Zhelev in Market

Quotes from Societe Generale Cross Asset Research: -We believe that monetary policy in Australia is likely to be eased further, but after a total of 75bp in cuts in May and June, the chances of another move at the July meeting are in our view at best 20% (for a 25bp cut). Read more

Research: Further Policy Easing in Australia Will be Driven by Inflation Surprises and the Euro Crisis

Jun 29 2012 09:01:07 Stanimir Zhelev in Market

Quotes from Societe Generale Cross Asset Research: -The state of the Australian economy suggests that further policy easing will be driven by inflation surprises and the euro crisis. Read more

Australia Considering Offshore Yuan Market In Sydney: Report

Jun 28 2012 05:31:12 Stanimir Zhelev in Market

Australia is in talks with Hong Kong and Beijing to set up an offshore yuan market in Sydney, the South China Morning Post reported Thursday. The daily, citing officials familiar with the matter, said that Hong Kong and China have so far been positive to the proposal. Read more

Australia See Iron Ore Exports to Go up by 10 Pct in 2012-13

Jun 27 2012 01:31:02 Stanimir Zhelev in Market

Iron ore exports from Australia is expected to go up by 10 pct to 510mln tonnes in 2012/13 according to latest forecasts by   The Bureau of Resources and Energy Economics Iron ore exports forecast for current yean ending June was revised down by 10 mln tonnes to 463 ... Read more

Australia Housing Starts Continue To Fall

Jun 20 2012 05:01:02 Stanimir Zhelev in Market

Dwelling commencements in Australia declined for a fourth consecutive quarter in the March quarter, a report from the Australian Bureau of Statistics showed Wednesday. On a seasonally adjusted basis, housing starts fell 12.6 percent quarter-on-quarter in the first quarter. Read more

Australia Internet Job Vacancy Index Rises In May

Jun 20 2012 03:31:03 Stanimir Zhelev in Market

Australia's internet job ads increased in May, a report from the Department of Education, Employment and Workplace Relations showed Wednesday. On a seasonally adjusted basis, the Internet Vacancy Index rose 3.4 percent month-on-month in May. On an annual basis, the index decreased 11.1 percent. Read more

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