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Australian Economic News


Australian Private Sector Credit Ticks Up as Expected
Australian Economy |  Written by CEP News |  Aug 29 08 02:33 GMT | 
(CEP News) - Credit from Australian financial intermediaries increased as expected by 0.5% for the month of July, up from last month's 0.4% figure, the Reserve Bank of Australia reported Friday.
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The Day Ahead Japan and Australia: Japanese CPI
Australian Economy |  Written by CEP News |  Aug 28 08 22:26 GMT | 
(CEP News)-Thursday is a heavy day for data in Japan with the release of Tokyo and national CPI, household spending, unemployment, industrial production and retail trade.
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Midday Market Recap: Energy Sell-Off Pulls Down CAD and TSX
Australian Economy |  Written by CEP News |  Aug 28 08 16:18 GMT | 
(CEP News) - Energy prices tumbled on speculation that Tropical Storm Gustav may miss the bulk of offshore facilities in the Gulf of Mexico. Crude oil prices are down more than $3, which has pulled down the Canadian dollar and TSX while giving U.S. markets a lift.
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Australian Private Capital Expenditures Advance 5.7% in Q2
Australian Economy |  Written by CEP News |  Aug 28 08 06:39 GMT | 
(CEP News) - Total private capital expenditures in Australia advanced 5.7% compared to the first three months of 2008, according to a report from the Australian Bureau of Statistics on Thursday.
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Australian Conference Board Leading Index Falls for Fifth Month Straight
Australian Economy |  Written by CEP News |  Aug 28 08 00:03 GMT | 
The Australian Conference Board announced its leading index decreased by 0.5% for the month of June, down from May's 0.1% decline.
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Australian Conference Board Leading Index Falls for Fifth Straight Month
Australian Economy |  Written by CEP News |  Aug 28 08 00:03 GMT | 
(CEP News) - The Australian Conference Board announced its leading index decreased by 0.5% for the month of June, down from May's 0.1% decline.
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The Day Ahead Australia and Japan: Australian Conference Board Leading Index
Australian Economy |  Written by CEP News |  Aug 27 08 22:14 GMT | 
(CEP News) - The Australian conference board is expected to release its composite index, which measures short to mid-term growth in the Australian economy. The prior figure showed a decline of 0.1%.
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Q2 Construction Projects in Australia Fall Despite Forecasts for Increase
Australian Economy |  Written by CEP News |  Aug 27 08 06:46 GMT | 
(CEP News) - Construction work done in Australia for the second quarter of 2008 failed to deliver the expected 1.5% quarterly increase, according to the Statistics Bureau on Wednesday, which reported a 2.6% contraction in completed construction work done between April and June.
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The Day Ahead Japan and Australia: Australian Construction Work
Australian Economy |  Written by CEP News |  Aug 26 08 22:36 GMT | 
(CEP News)- It will be a quiet day for economic data with Australia's report on construction work done the lone report due for release.
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The Day Ahead Japan and Australia: Japanese Corporate Service Price Index
Australian Economy |  Written by CEP News |  Aug 25 08 20:58 GMT | 
(CEP News) - It will be a quiet day for economic data in Australia and Japan, with only Japan's corporate service price index and Australia's report on construction work done being released.
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The Day Ahead Japan and Australia: BOJ Minutes from July
Australian Economy |  Written by CEP News |  Aug 21 08 21:25 GMT | 
(CEP News) - Thursday night markets will receive the minutes from the Bank of Japan monetary policy meeting in July.
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The Day Ahead Japan and Australia: Westpac Leading Index, BOJ Monthly Report
Australian Economy |  Written by CEP News |  Aug 19 08 21:38 GMT | 
(CEP News) - The main data releases on Tuesday evening are the Japanese all-industry activity index and the Australian Westpac leading index, the latter of which will point to the health of the Aussie economy.
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RBA Minutes Interpreted to Imply Rate Cut at September Meeting
Australian Economy |  Written by CEP News |  Aug 19 08 18:01 GMT | 
(CEP News) - The minutes for the Aug. 5 Reserve Bank of Australia meeting released on Tuesday have economists predicting a rate cut is imminent for Sept. 3 meeting. Economists are also speculating as to whether the cut will be for 25 or 50 basis points.
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Soft Freddie Mac 5-Year Auction Shows Credit Worries
Australian Economy |  Written by CEP News |  Aug 19 08 15:42 GMT | 
(CEP News) - U.S. government-backed mortgage insurer Freddie Mac caused ripples through the debt market on Tuesday after weak results in a $3 billion, 5-year note auction.
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Global Population Pressures Present Investment Opportunities, UBS Says
Australian Economy |  Written by CEP News |  Aug 19 08 14:54 GMT | 
(CEP News ) Ottawa - A burgeoning affluent global population and substandard productivity in many developing countries mean "above average" investment opportunities, says a new report from UBS.
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RBA Minutes Reveal Arguments for "Early Rate Cut"
Australian Economy |  Written by CEP News |  Aug 19 08 10:57 GMT | 
(CEP News) - Minutes from the Reserve Bank of Australia monetary policy meeting on Aug. 5 revealed that a strong case could be made for keeping interest rates unchanged or for an early rate cut.
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The Day Ahead Japan and Australia: BOJ Interest Rates and RBA Minutes
Australian Economy |  Written by CEP News |  Aug 18 08 22:06 GMT | 
(CEP News) - Monday evening is all about central banks for the Asian Pacific markets. The Bank of Japan will announce its interest rate decision and the Reserve Bank of Australia will release the minutes from the August monetary policy meeting.
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AU Preview: RBA Minutes Expected to Suggest Rate Hike at September Meeting
Australian Economy |  Written by CEP News |  Aug 18 08 18:07 GMT | 
(CEP News) - The Reserve Bank of Australia is set to release the minutes from the Aug. 5 meeting on Tuesday, and economists are speculating whether the minutes will reveal the bank's intention to cut rates at the coming monetary policy meeting on Sept. 3 (Sept. 2 EDT), and if so, how much of a cut they will feel is necessary.
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AU Preview: RBA Minutes Expected to Suggest Rate Cut at September Meeting
Australian Economy |  Written by CEP News |  Aug 18 08 18:07 GMT | 
(CEP News) - The Reserve Bank of Australia is set to release the minutes from the Aug. 5 meeting on Tuesday, and economists are speculating whether the minutes will reveal the bank's intention to cut rates at the coming monetary policy meeting on Sept. 3 (Sept. 2 EDT), and if so, how much of a cut they will feel is necessary.
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The Week Ahead Japan & Australia: BOJ Interest Rate Announcement, RBA Minutes
Australian Economy |  Written by CEP News |  Aug 15 08 21:40 GMT | 
(CEP News) - The Bank of Japan will be at the forefront of most market-moving activity in the Asia-Pacific next week, with the release of the bank's latest monthly report and interest rate decision.
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