Australia Consumer Spending to Trough in Second Half of 2024, Morgan Stanley Says
Morgan Stanley said consumer spending in Australia will probably continue to weaken in the near term, and reach a trough in the second half of 2024 before improving.
MT NewswiresMar 13 21:40 ET
Australia's Retail Sales Rebound in January
Australian retail turnover rose 1.1% to AU$35.72 billion in January from the previous month, the Australian Bureau of Statistics reported Thursday. The rebound followed the sharp 2.1% fall in December
MT NewswiresFeb 28 22:05 ET
Australia's Q4 Inflation Rate Eases to 0.6%, Falling Below Expectations
The CPI slowed to 0.6% in the December quarter, down from 1.2% in the previous quarter. Market consensus was 0.8%.
moomoo NewsJan 30 19:42 ET
Australian Retail Sales Missed Expectations, Dropping by 2.7% in December
In December, retail sales experienced a 2.7 percent decrease from October, a steeper decline than the anticipated 1.9 percent, indicating a reduction in consumer spending leading up to the holiday season.
moomoo NewsJan 29 19:43 ET
Australian Inflation Slows in November to 4.3%, Below Forecast
The headline consumer price index increased by 4.3% over the 12 months to November, down from 4.9% in October. This figure came in just below the market forecast of 4.4%.
moomoo NewsJan 9 19:40 ET
When Can ASX 200 Investors Expect RBA Interest Rate Cuts?
Will interest rates go higher yet from here? Or can ASX 200 investors look forward to some rate-cutting relief from the RBA in 2024?
The Motley FoolJan 1 22:33 ET
Australian Flash PMI Data Shows Economy on Track For a Soft Landing
Australian private sector business activity continued to contract in December as demand conditions remained soft, but the data still points to a soft landing for the commodity-
WSJDec 14, 2023 20:19 ET
Australia's GDP Expands 0.2% in Q3, Below Forecasts
Australia’s gross domestic product grew 0.2% in the third quarter, from 0.4% in Q2, undershooting the market consensus of 0.4%.
moomooDec 5, 2023 19:34 ET
Reserve Bank of Australia Cash Rate Unchanged at 4.35%
The Reserve Bank has delivered a pre-Christmas reprieve for Australia’s borrowers, leaving its cash rate unchanged at 4.35%.
moomooDec 4, 2023 22:34 ET
Australian October CPI Growth Cools to 4.9%
Australia’s Consumer Price Index grew 4.9% in annual terms in October, undershooting analysts consensus of 5.2%.
moomooNov 28, 2023 19:35 ET
Reserve Bank of Australia's Minutes Show Case for Further Rate Rises Is Data Dependent
The head of Australia's central bank on Tuesday said that inflation is the crucial challenge over the next one or two years after policymakers raised interest rates to a 12-year high earlier this month to tame high prices.
moomooNov 20, 2023 19:52 ET
Weekly Australia Market Wrap for the Week-Ended 17 November 2023
The S&P/ASX 200 rose 1.04% while the All Ordinaries Index climbed 1.18% last week.
Moomoo News AUNov 19, 2023 18:58 ET
Australia's Unemployment Rate Back Up to 3.7% in October
The unemployment rate increased by 0.2 percentage points to 3.7 per cent in October (seasonally adjusted), according to data released today by the Australian Bureau of Statistics (ABS).
moomooNov 15, 2023 20:02 ET
Is Another RBA Rate Hike on the Horizon After Lifting Rates to a 12-year High?
All of the Big Four banks' economic teams expect the cash rate will peak at 4.35%. That means today's hike will be the last in this tightening cycle.
Moomoo News AUNov 7, 2023 04:39 ET
Reserve Bank of Australia Lifts Cash Rate 0.25% to 4.35%
This is the first interest rate rise since July.
moomooNov 6, 2023 22:35 ET
Melbourne Cup Interest Rate Blow for Millions as RBA 'Delivers Another Hike'
Economists are betting on the Reserve Bank (RBA) delivering a Melbourne Cup rate hike today, following higher-than-expected inflation figures, and the financial impacts could be long lasting.
Yahoo FinanceNov 6, 2023 18:54 ET
Weekly Australia Market Wrap for the Week-Ended 3 November 2023
The best performing sector last week was the interest rate sensitive Real Estate sector.
Moomoo News AUNov 5, 2023 18:22 ET
Australian Retail Sales Much Stronger Than Expected in September
Australian retail sales surged in September as consumers flocked to the shops, and the sharp increase could argue in favor of a further interest-rate rise next month.
Dow JonesOct 29, 2023 22:49 ET
Weekly Australia Market Wrap for the Week-Ended 27 October 2023
The Australian market is down around 9.80% since February this year.
Moomoo News AUOct 29, 2023 21:01 ET
Australia's Headline CPI Rose 1.2% in September Quarter Boosted by Higher Fuel Prices
Australia’s inflation rate quickened in the September quarter, boosted by higher petrol prices, adding to pressure on the Reserve Bank to hike interest rates again.
moomooOct 24, 2023 20:46 ET
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