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Australian Economic News


The Day Ahead Asia Pacific: Japan Industrial Production, RBNZ Cash Rate
Australian Economy |  Written by CEP News |  Apr 29 09 21:23 GMT | 
(CEP News) - Economists will closely watch Japan's industrial production report to see if the data can turn positive.
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RBNZ Cuts By 50 Basis Points as Expected
Australian Economy |  Written by CEP News |  Apr 29 09 21:06 GMT | 
(CEP News) - The Reserve Bank of New Zealand cut its target rate by 50 basis points on Thursday (Wednesday night EDT), as expected by economists.
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New Zealand Business Confidence Gains Most in 16 Years
Australian Economy |  Written by CEP News |  Apr 29 09 03:15 GMT | 
(CEP News) - Business confidence in New Zealand improved dramatically in April, with 15% of respondents forecasting deterioration in business conditions versus the 39.3% in March.
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New Zealand Posts Stronger Than Expected Trade Surplus
Australian Economy |  Written by CEP News |  Apr 28 09 23:05 GMT | 
(CEP News) - New Zealand's balance of trade showed a stronger than expected surplus in March.
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The Day Ahead Asia Pacific: New Zealand Trade Balance, Business Confidence
Australian Economy |  Written by CEP News |  Apr 28 09 21:41 GMT | 
(CEP News) - A slew of data reports are scheduled for release in New Zealand during the Asia Pacific session.
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The Day Ahead Asia Pacific: Swine Flu in Focus, Japan Retail Sales
Australian Economy |  Written by CEP News |  Apr 27 09 22:08 GMT | 
(CEP News) - Market participants will pay close attention to the rising numbers of swine flu cases during the Asia Pacific session. Although there have been no reported cases of the flu in Asia as of yet, the disease has taken over 100 lives in Mexico -- where it originated -- and has been detected in the U.S., Canada and Spain.
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World Health Organization Raises Threat Level, Says Containment Not Feasible
Australian Economy |  Written by CEP News |  Apr 27 09 21:20 GMT | 
(CEP News) - The World Health Organization raised its pandemic risk level to 4 from 3 and said the swine flu virus cannot be contained.
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The Week Ahead Asia Pacific: JN Industrial Production, Unemployment, CPI, BOJ Meets
Australian Economy |  Written by CEP News |  Apr 24 09 21:41 GMT | 
(CEP News) - There will be a slew of key releases out of Japan next week, including industrial production, unemployment and inflation results. The Bank of Japan will also hold its monetary policy meeting.
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The Day Ahead Asia Pacific: JN Corporate Service Price Index, All-Industry Activity Index
Australian Economy |  Written by CEP News |  Apr 23 09 22:01 GMT | 
(CEP News) - Only lower-tier data reports are scheduled for release in Japan during the Asia Pacific session.
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Australian New Motor Vehicle Sales Continue to Descend in March
Australian Economy |  Written by CEP News |  Apr 23 09 01:38 GMT | 
(CEP News) - According to the Australian Bureau of Statistics on Thursday (Wednesday night EDT), new motor vehicle sales declined 3.2% month-over-month in March.
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The Day Ahead Asia Pacific: Australian Auto Sales, JN International Transactions
Australian Economy |  Written by CEP News |  Apr 22 09 21:35 GMT | 
(CEP News) - It will be a quiet day in the Asia Pacific, with only a few lower-tier economic reports scheduled for release.
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IMF Revises Down Global Growth Estimates in Semi-Annual Report
Australian Economy |  Written by CEP News |  Apr 22 09 13:15 GMT | 
(CEP News) - The International Monetary Fund expects the global economy to contract 1.3% in 2009, a downward revision from the previous forecast calling for a contraction of between 0.5% and 1.0%, according to its semi-annual report released on Wednesday.
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Australia's Core Inflation Higher Than Expected, Above RBA Target
Australian Economy |  Written by CEP News |  Apr 22 09 01:37 GMT | 
(CEP News) - Australia's annual core inflation rate climbed higher than expected in the first quarter.
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The Day Ahead Asia Pacific: Australian Inflation, Japanese Trade Balance
Australian Economy |  Written by CEP News |  Apr 21 09 22:00 GMT | 
(CEP News) - Market participants can expect Australian first-quarter inflation results, along with the release of the Japanese trade balance report during the Asia Pacific economic data session.
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AU Preview: Inflation to Level Off but Won't Stop the RBA From Cutting Rates (Repeat)
Australian Economy |  Written by CEP News |  Apr 21 09 21:14 GMT | 
(CEP News) - Australia's annual inflation rate is expected to level off in the first quarter, with the RBA's preferred measure - the trimmed mean - forecast to come in above the RBA's 2-3% target band.
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RBA Minutes Reveal Weaker Growth and Employment, But Improved Credit Conditions
Australian Economy |  Written by CEP News |  Apr 21 09 02:27 GMT | 
The minutes from the Reserve Bank of Australia's April meeting showed that the Board believes the economic weakness apparent in Australia and around the world in the December quarter continued into the March quarter. The RBA cut its key rate by 25 basis points to 3.00 per cent at the April meeting.
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The Day Ahead Asia Pacific: RBA Board Meeting Minutes, RBA's Stevens Speaks
Australian Economy |  Written by CEP News |  Apr 20 09 21:51 GMT | 
(CEP News) - Markets will receive news from the Reserve Bank of Australia twice during the Asia Pacific session.
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AU Preview: Inflation to Level Off but Won't Stop the RBA From Cutting Rates
Australian Economy |  Written by CEP News |  Apr 20 09 20:45 GMT | 
(CEP News) - Australia's annual inflation rate is expected to level off in the first quarter, with the RBA's preferred measure - the trimmed mean - forecast to come in above the RBA's 2-3% target band.
Read more...
 
Australian PPI Unexpectedly Declines in Q1
Australian Economy |  Written by CEP News |  Apr 20 09 01:40 GMT | 
(CEP News) - Producer prices in Australia unexpectedly declined in the first quarter of 2009, according to a report from local statistics authorities.
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The Week Ahead Asia Pacific: Australian Inflation, Central Bank Speakers
Australian Economy |  Written by CEP News |  Apr 17 09 21:34 GMT | 
(CEP News) - The release of Australia's first-quarter inflation results will be the main event next week. There will also be speeches by Governor Glenn Stevens of the Reserve Bank of Australia (RBA) and Governor Masaaki Shirakawa of the Bank of Japan (BOJ).
Read more...
 
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