Morgans Reaffirms Their Hold Rating on Redbubble Ltd. (RDBBF)
Redbubble Ltd.: Profit Up Amid Revenue Strategy Shift
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.
Morgans Sticks to Their Hold Rating for Redbubble Ltd. (RDBBF)
Analysts Are Neutral on These Consumer Cyclical Stocks: Redbubble Ltd. (RDBBF), Pactiv Evergreen (PTVE)
Analysts Offer Insights on Consumer Cyclical Companies: Redbubble Ltd. (OtherRDBBF) and Stellantis (STLA)
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
Analysts' Opinions Are Mixed on These Consumer Cyclical Stocks: Flight Centre Travel Group Limited (OtherFGETF) and Redbubble Ltd. (OtherRDBBF)
UBS Sticks to Its Hold Rating for Redbubble Ltd. (RDBBF)
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%.
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.
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%.
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?
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-
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%.
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%.
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%.
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.
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.
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).
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