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Tag: Australia

Australia Private Sector Credit Rises In October

Nov 30 2011 02:31:26 Forexbrokerz.com in Market

Total credit provided to Australia's private sector by financial intermediaries rose 0.2 percent month-on-month in October, the Reserve Bank of Australia said Wednesday. This was weaker than the expected 0.4 percent increase and the 0.5 percent gain in September. Read more

Australia Trims Growth Outlook, Yet Says On Track To Deliver Surplus In 2012-13

Nov 29 2011 04:32:15 Forexbrokerz.com in Market

Australia's government on Tuesday slashed its economic growth forecasts for this fiscal year and the next, citing deterioration in global economic and financial conditions. Read more

Australia Announces Spending Cuts, Lowers Growth Outlook

Nov 29 2011 02:31:33 Forexbrokerz.com in Market

The Australian government on Tuesday announced new spending cuts and slashed the economic growth forecasts amid intensified debt crisis in Europe. In its Mid Year Economic and Fiscal Outlook, the Treasury said the country will returned to a surplus in 2012-2013. The surplus will total A$1. Read more

Australia Banks Delay Plans for covered Bonds due to Impact of Europe's Debt Crisis – Sources

Nov 22 2011 06:31:15 Forexbrokerz.com in Market

News: Commonwealth Bank of Australia and National Australia Bank have each delayed plans to sell up to A$1. Read more

Research: Domestic Outlook for Australia may be Clouding Over

Nov 21 2011 12:32:13 Forexbrokerz.com in Market

Quotes from Societe Generale Cross Asset Research:-The domestic outlook for Australia may be clouding over too because of the ripples from the eurozone crisis, but it has not to the point where it is forcing the RBA off the fence and into a major easing cycle. Read more

Australia Banks Won't Enjoy Lower Funding Costs With covered Bonds' Launch – Rba

Nov 21 2011 05:01:04 Forexbrokerz.com in Market

News: RBA Assistant Governor Guy Debelle said that Australian banks are unlikely to enjoy any great reduction in funding costs from the launch of covered bonds He also said that a general trend to more secured issuance by banks, particularly in Europe, was unsustainable He expected covered bonds wou... Read more

Research: Cyclical Downswing in Commodity Prices Hasn't Yet Been Sufficient to Derail Investment Boom in Australia

Nov 16 2011 13:01:03 Forexbrokerz.com in Market

Quotes from RBS:-Resilience in the AUD in recent months may in part reflect the resilience of the resources investment boom. The cyclical downswing in commodity prices has not yet been sufficient to derail the investment boom. Read more

Australia Westpac-MI Leading Index Signals Near Trend Growth

Nov 16 2011 05:03:17 Forexbrokerz.com in Market

An indicator of economic activity in Australia rose at a slower pace in September, but is pointing to near trend growth for the economy in the coming three to nine months. The annualized growth rate of the Westpac-Melbourne Institute leading index was 3.3 percent in September. Read more

Australia Wage Price Index Rises At Slower Pace

Nov 16 2011 03:02:20 Forexbrokerz.com in Market

Australia's wage price index advanced in the September quarter, but at a slower pace, data from the Australian Bureau of Statistics showed Wednesday. The seasonally adjusted wage price index rose 0.7 percent quarter-on-quarter in the three months through September, slower than 0. Read more

Index Shows Slowing Australia Economic Growth - Westpac/Melbourne

Nov 16 2011 00:04:31 Forexbrokerz.com in Market

A barometer of Australia's economy released Wednesday eased slightly in September.The Leading Index for September, produced by Westpac Bank and the Melbourne Institute, showed annualized economic growth of 3.3 percent in September.The figure was down from a 4.5 percent growth rate in August. Read more

Australia C Bank Was very concerned About European Slowdown and Its Impact on Asia - Minuets

Nov 15 2011 02:02:01 Forexbrokerz.com in Market

NewsAustralian C bank minuets revealed that C bank was concerned about risk emitting from European debt crisis and its impact on Asia while cutting rates on Nov. Read more

Australia New Motor Vehicle Sales Rise In October

Nov 15 2011 01:01:07 Forexbrokerz.com in Market

The total number of new motor vehicle sales in Australia was up a seasonally adjusted 1.1 percent on month in October, the Australian Bureau of Statistics said on Tuesday, standing at 88,182. That was well above forecasts for a contraction of 0.5 percent following the 1. Read more

Australia Reports Decent Job Gains in October As Expected, Unemployment Rate Declines to 5.2 Pct

Nov 10 2011 02:01:29 Forexbrokerz.com in Market

News Australia Australian Bureau of Statistics reported a decent job gains of 10100 in October as expected by the markets Unemployment rate declines to 5.2 pct vs mkt. expectation of 5. Read more

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