New Zealand bonds close lower as RBNZ’s FSR signals steady interest rate for foreseeable future to tackle property bubble

Nov 30, 2016 06:28 am UTC| Commentary

The New Zealand government bonds closed lower Wednesday after the Reserve Bank of New Zealand in its November Financial Stability Report (FSR) signalled steady interest rate for the foreseeable future to curb a soaring...

U.S. consumer confidence reaches highest since global financial crisis on labor market optimism

Nov 30, 2016 06:14 am UTC| Commentary Economy

Consumer confidence in the United States peaked to its highest level since the global financial crisis in 2007-2008, eyeing optimism in the countrys labor market, which is nearing full employment amid asolid rise in the...

Australia’s building approvals fall in October, significant amount of work in pipeline to underpin housing construction

Nov 30, 2016 05:53 am UTC| Commentary

Australias building approvals came in much weaker than expected in October. After a long period of strength, building permits are finally declining. On a sequential basis, building permits fell 12.6 percent in October, as...

U.S. business spending remains mixed in Q3, signals a favorable growth profile

Nov 30, 2016 05:34 am UTC| Commentary Economy

Business spending in the United States remained mixed during the third quarter of this year, while corporate profits returned to positive growth during the period, indicating a favorable growth profile of the economy, at...

Australia’s total private sector credit rises strongly in October on solid growth in housing credit

Nov 30, 2016 05:27 am UTC| Commentary

Australias total private sector credit came in strong again in October, helped by growth in the housing sector. On a year-on-year basis, the total private credit rose 5.3 percent, whereas it rose 0.5 percent on a...

U.S. home prices rise in September, likely to appreciate at stable pace this year and next

Nov 30, 2016 05:24 am UTC| Commentary

The SP CoreLogic Case-Shiller U.S. National Home Price Index was up in September. On a sequential basis, it rose 0.4 percent, whereas on a year-on-year basis, the index was up 5.5 percent. In all the 20 cities covered...

U.S. Q3 economic growth registers best performance in 2 years, cements case for Dec Fed rate hike

Nov 30, 2016 05:14 am UTC| Commentary Economy

Economic growth in the United States registered its best performance in two years, during the third quarter of 2016, further cementing hopes for a Fed fund rate hike in the December 13-14 monetary policy meeting. A strong...