AU Weekly Wrap | Australia Inflation Expectations Rise; NextDC Raising $1.32 Billion

Moomoo News AU wrote a column · Apr 12 22:53

AU Weekly Wrap | Australia Inflation Expectations Rise; NextDC Raising $1.32 Billion

Macro News

Troubled RBA Will Be Last Major Central Bank to Cut Rates

The minutes of the RBA's March policy meeting revealed that the board has now dropped its tightening bias.

Australian Consumers in An Extended Slump as Inflation Expectations Rise

Consumer confidence fell for a second week in a row last week, according to ANZ Roy Morgan, down 0.9 points to 81.9 points, with the overall reading consistent with recession conditions far more severe than that of the highly destructive economic contraction in the early 1990s.

Australia Inflation Expectations Rise to 4.6% in April

Inflation expectations in Australia rose in April, further dampening hopes for a policy easing by the central bank. The expected inflation rate grew 0.3 percentage points to 4.6% in April, according to the latest report by the Melbourne Institute of Applied Economic and Social Research.

Company News

Ansell to Buy Kimberly-Clark's PPE Business for US$640 Million

$Ansell Ltd(ANN.AU)$, an Australian company, has finalized an agreement to purchase the personal protective equipment (PPE) division of $Kimberly-Clark(KMB.US)$ for US$640 million in cash. The CEO of Ansell mentioned that this acquisition has been in consideration for several years.

Beach Energy Raises Capex Forecast for Waitsia Stage 2 Project, First Gas Delayed

$Beach Energy Ltd(BPT.AU)$ said the Waitsia Stage 2 natural-gas project in Western Australia would cost more to complete and first production would be delayed, the latest setback to its flagship development.

BHP Set to Dethrone Codelco as World's Biggest Copper Producer

The copper industry is about to get a new leader as $BHP Group Ltd(BHP.AU)$ overtakes Codelco in the global producer rankings, according to Bloomberg Intelligence estimates.

NextDC Raising A$1.32 Billion Amid Record Data-Center Demand

Australian data-center operator $Nextdc Ltd(NXT.AU)$ is raising 1.32 billion Australian dollars (US$860.4 million) of equity to accelerate several developments as the global shift to cloud computing drives record demand for its services.

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