Thursday, 22 August 2019
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Australia Interest-Rate Cut Fails to Lift Gloom About Economy
Wednesday, 12 June 2019 08:51 WIB | ECONOMY |Ekonomi Australia

Australia debt-laden households responded more with concern than enthusiasm to the Reserve Bank™s interest-rate cut, according to surveys conducted since last week™s move.

Westpac Banking Corp.™s consumer sentiment index fell 0.6% in June, while Australia & New Zealand Banking Group Ltd.™s weekly report showed a 2% drop, the lenders said Wednesday. Westpac noted that confidence was showing signs of strength in the lead up to the policy easing, but that fell away in the following days -- suggesting respondents were impacted by last week™s GDP data showing the weakest annual expansion in 10 years.

The biggest decline in Westpac™s sub-indexes was the one tracking economic expectations for the next year, which slid 4.7%.

RBA Governor Philip Lowe ended an almost three-year pause to cut the cash rate to a new record low of 1.25% last Tuesday as he tries to encourage firms to hire and invest and revive a slowing economy and tepid inflation. His decision was validated in a separate survey of businesses released yesterday that showed a continued deterioration in conditions.

Source : Bloomberg

RELATED NEWS
Empire State, Philly Fed indexes hold steady in August...
Thursday, 15 August 2019 20:03 WIB

Two gauges of manufacturing sentiment held their own in August, according to data released Thursday. The Philadelphia Fed manufacturing index fell slightly to a reading of 16.8 in August from 21.8 in...

US: Retail Sales rose 0.7% in July vs. 0.3% expected, DXY advances to 98...
Thursday, 15 August 2019 19:48 WIB

Retail sales grew by more than expected in the US in July. US Dollar Index gains traction on the back of upbeat data. According to the data released by the US Census Bureau on Thursday, retail sales...

British retail sales in July climb 3.3%, topping forecasts...
Thursday, 15 August 2019 15:48 WIB

British retail sales in July grew 3.3% compared to a year ago, according to data released Thursday. Economists polled by FactSet expected a 2.6% rise. The Office for National Statistics said both valu...

Australian Employment Surges Past Expectations; Currency Rises...
Thursday, 15 August 2019 08:51 WIB

Australia's labor market continued to defy gravity in July, adding almost three times the forecast number of jobs, while unemployment remained unchanged as the labor force swelled further. Jobs rose ...

GBP/USD jumps to 1.2075 as UK CPI rises 2.1% y/y in July vs. +1.9% expected...
Wednesday, 14 August 2019 15:56 WIB

The UK Consumer Prices Index (CPI) 12-month rate came in at 2.1% in July, when compared to 2.0% booked in June while bettering expectations of a 1.9% print, the UK Office for National Statistics (ONS)...

LATEST NEWS
Oil Steady as Attention Turns to Monetary Easing From Stockpiles

Oil steadied after its first drop this week as attention turned from expanding American fuel stockpiles to the prospects for monetary easing as the world™s top central bankers gather in Jackson Hole, Wyoming. Futures in New York were little...

Tokyo Shares End Flat Ahead of US Data, Fed Speech

Tokyo stocks closed flat on Thursday with investors in wait-and-see mode ahead of key US data expected later in the day and a speech by the Fed chairman the next day. The benchmark Nikkei 225 index inched up 0.05 percent, or 9.44 points, to end at...

2 US Service Members Killed in Afghanistan

Two U.S. service members were "killed in action" Wednesday in Afghanistan, the U.S. military said, as talks between the U.S. and the Taliban were set to resume in Qatar. U.S. officials confirmed this was an active combat situation but would not...

POPULAR NEWS
Gold ends lower as stock-market rebound dulls haven shine
Tuesday, 20 August 2019 02:20 WIB

Gold futures lost ground Monday, ending lower as renewed optimism on the trade front and talk of stimulus by global policy makers dulls investor...

Gold ends higher, recoups some recent losses as bond yields slide
Wednesday, 21 August 2019 01:55 WIB

Gold futures climbed on Tuesday, with a slide in U.S. Treasury yields helping the haven metal recoup more than a third of what it lost a day...

Hong Kong stocks end with big gains (Review)
Tuesday, 20 August 2019 03:55 WIB

Hong Kong shares jumped more than two percent Monday following a healthy lead from Wall Street with investors cheered by positive comments on trade...

Gold ends flat, then moves lower in electronic trade after Fed minutes
Thursday, 22 August 2019 01:24 WIB

Gold prices finished unchanged on Wednesday, after spending much of the session losing ground on the back of strength in benchmark U.S. stock...