Markets

Australia’s jobless rate just spiked unexpectedly

Australian employment growth has missed expectations in January, falling by 7,900 against expectations for an increase of 13,000. Despite the decline, the second in a row, employment growth from a year earlier rose by 2.57% to 298,300. Total employment now stands at 11,894,500 persons, down from the record high level […]
Australia’s jobless rate just spiked unexpectedly
Markets

AUSTRALIAN RETAIL SALES INCREASE 0.5%

Australian retail sales met expectations in October, rising 0.5% to $24.66 billion according to the Australian Bureau of Statistics. The gain, the highest monthly total on record, left the yearly increase at 3.9%, up 0.2% on the level seen in September. While a small acceleration, the annual increase remains below […]
AUSTRALIAN RETAIL SALES INCREASE 0.5%
Markets

Australia’s astonishing economy does it again

Australian economic growth accelerated in the September quarter of 2015, increasing 0.9% leaving the annual rate of growth at 2.5%. Markets has been expecting a quarterly increase of 0.8%, with the annual rate ticking up to 2.4%. The increase extends Australia’s phenomenal economic record, having not experienced a technical recession […]
Australia’s astonishing economy does it again
Markets

RBA LEAVES RATES UNCHANGED AT 2%

As widely expected by financial markets and economists alike, the RBA left the official cash rate unchanged at 2.0% following its December monetary policy meeting. Having first reintroduced it in November, the board maintained its easing bias in the final paragraph of the statement, noting “the outlook for inflation may […]
RBA LEAVES RATES UNCHANGED AT 2%