Australia's Gross Domestic Product (GDP) rose 0.6% QoQ in the second quarter (Q2) of 2025 compared with the 0.3% growth in the first quarter (revised from 0.2%), the Australian Bureau of Statistics (ABS) showed on Wednesday. This reading came in stronger than the expectations of 0.5% expansion.
The annual second-quarter GDP grew by 1.8%, compared with the 1.4% growth in Q1 (revised from 1.3%), while above the consensus of a 1.6% increase.
Market reaction to Australia's GDP data
The upbeat Australia GDP report provides some support to the Australian Dollar (AUD). The AUD/USD pair is trading at 0.6524, losing 0.06% on the day.
Source: FXstreet
U.S. Treasury Secretary Scott Bessent said on Friday he expects to meet next week with Chinese Vice Premier He Lifeng in Malaysia to try to forestall an escalation of U.S. tariffs on Chinese goods tha...
China on Thursday accused the U.S. of stoking panic over its rare earth controls and said Treasury Secretary Scott Bessent had made "grossly distorted" remarks about a top Chinese trade negotiator, re...
Australia's unemployment rate jumped to 4.5% in September, its highest level since 2021. This figure was worse than expected and indicates that the labor market is starting to weaken. Data from the Au...
U.S. President Donald Trump remains on track to meet Chinese leader Xi Jinping in South Korea in late October, U.S. Treasury Secretary Scott Bessent said, as both sides looked to ease tensions followi...
US President Donald Trump hit markets with a fresh tariff threat on Friday, continuing his lashout at China over their decision to impose even stricter export licensing requirements on foreign entitie...
The Federal Reserve will go into a policy meeting next week with its view of the economy obscured by a U.S. government shutdown that has suspended the release of key data, a less-than-ideal situation for policymakers divided over which risks...
Gold prices rose slightly on Monday (October 20th) after rallying to a record high, supported by expectations of further US interest rate cuts and increased demand for safe-haven assets amid the government shutdown in Washington. Investors are now...
Oil prices dipped on Monday, pressured by worries over a global glut as U.S.-China trade tensions added to concerns about an economic slowdown and weaker energy demand. Brent crude futures were down 18 cents, or 0.3%, at $61.11 a barrel as of 0938...
US stocks rose on Friday (October 17th) as investors reacted positively to President Trump's remarks alleviating concerns about further trade...
European stock markets pared losses on Friday, with the STOXX 50 and STOXX 600 closing down 0.8% and 0.9%, respectively, after plummeting as much as...
Asia-Pacific stock markets opened higher on Monday (October 20th), as investors awaited the release of key economic data from China. Analysts expect...
U.S. Treasury Secretary Scott Bessent said on Friday he expects to meet next week with Chinese Vice Premier He Lifeng in Malaysia to try to...