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Tag: Australia

Australia Q1 GDP Rises 1.3% On Quarter

Jun 06 2012 02:31:02 Stanimir Zhelev in Market

Australia's gross domestic product jumped a seasonally adjusted 1.3 percent on quarter in the first three months of 2012, the Australian Bureau of Statistics said on Wednesday. That shattered expectations for an increase of 0.6 percent following the upwardly revised 0. Read more

Aussie Mixed Ahead Of Australia Q1 GDP

Jun 06 2012 02:01:02 Stanimir Zhelev in Market

Australia's GDP data for the first quarter is slated for release on Wednesday's early Asian session at 9:30 pm ET. Ahead of the data, the aussie showed mixed trading against its major counterparts. Read more

Australia GDP On Tap For Wednesday

Jun 05 2012 23:01:02 Stanimir Zhelev in Market

Australia will on Wednesday release Q1 figures for gross domestic product, highlighting a modest day for Asia-Pacific economic activity. GDP is expected to expand 0.5 percent on quarter and 3.2 percent on year following the 0.4 percent quarterly increase and the 2. Read more

Australia Lowers Rates Again On Faltering Global And Domestic Economic Momentum

Jun 05 2012 07:01:03 Stanimir Zhelev in Market

With the inflation outlook emboldening policymakers to relax monetary policy further, the Reserve Bank of Australia decided to slash its official cash rate, given the deteriorating global environment and weak domestic growth. Read more

Australia Has Fiscal Room for more Stimulus Signals Treasurer

Jun 05 2012 06:31:04 Stanimir Zhelev in Market

Just ahead of G7 conference, and after 25 bps cut by RBA, Australian treasurer said that the country has a fiscal room for more monetary stimulus Earlier G7 official said that group may suggest countries like Canada and Germany with large fiscal room to go for spending increa... Read more

Australia Service Sector Contraction Eases In May

Jun 05 2012 04:01:03 Stanimir Zhelev in Market

Australia's service sector continued to contract in May, but at a slower pace compared to the previous month, a report from the Australia Industry Group showed Tuesday. The latest Australian Industry Group/Commonwealth Bank Australian Performance of Services Index rose by 3.9 points to 43. Read more

Australia Current A/c. Deficit at A$ 14.9 Bln As expected in Q1

Jun 05 2012 02:31:03 Stanimir Zhelev in Market

Australia's BoP data reported current A/c. deficit at A$14.892 bln as expected in Q1 It was 9.639 in previous quarter and 10.162 bln in Q1-2011 Data also revealed that exports shave off 0.5 pct from Q1 GDP data which is due tomorrow, Economist expected export to take away 0. Read more

Australia Inflation Gauge Remains Flat In May

Jun 04 2012 05:31:04 Stanimir Zhelev in Market

A monthly measure of inflation in Australia remained flat in May, a survey from TD Securities and Melbourne Institute showed Monday. After rising 0.3 percent in April, the TD-MI monthly inflation gauge remained unchanged in May. In the twelve months to May, the gauge climbed 1. Read more

Australia Data Due On Monday

Jun 03 2012 23:31:02 Stanimir Zhelev in Market

Australia will release a batch of data on Monday, highlighting a light day for Asia-Pacific economic activity. On tap are May figures for job advertisements and the inflation outlook from TD Securities, plus Q1 numbers for company profits and inventories. Job ads were down 3. Read more

DCM Forex moves to New Zealand - the next hot forex destination?

May 16 2012 09:07:00 Stanimir Zhelev in Brokers

Half an hour ago I received this e-mail from DCM Forex, one of the best Australian forex brokers. DCM Forex moves to New Zealand as of next week. I'm curious if more brokers will follow, looking for more friendly regulatory environment. Read more

Australia New Vehicles Sales down 0.7 Pct in April

May 15 2012 03:31:08 Stanimir Zhelev in Market

Australian new vehicle sales were down 0.7 pct in April at 89,261 while rising 7.3 pct from last years level SUV sales were down 1.2 pct from last month, but gained 30 pct from last years level Passenger vehicles sales have gone down by 2. Read more

Research: Australia Labor Market Not As Strong As Headlines Suggest

May 10 2012 09:01:06 Stanimir Zhelev in Market

Quotes from Societe Generale Cross Asset Research: -The headline figures of Australia's April labor market report were certainly stronger than expected, with employment rising by 15.5k, when a decline was expected (median -5k, SG -10k). Read more

Research: Australia Will Experience Real Exchange Rate Appreciation

May 03 2012 12:31:06 Stanimir Zhelev in Market

Quotes from Standard Chartered: -Australia's economy is currently experiencing a significant external shock  - a commodity boom fuelled by demand from China and other countries. Read more

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