Australia’s service sector dips marginally in June on looming political uncertainty

Jul 05, 2016 06:27 am UTC| Commentary Economy

Australias services sector witnessed marginal dip in the month of June, largely owing to ongoing political uncertainty, concerning the recently heldFederal elections, which are awaiting the final results. However, the dip...

Australia’s retail sales growth slows in May

Jul 05, 2016 06:22 am UTC| Commentary Economy

Australias retail sales in seasonally adjusted terms grew 0.2 percent on sequential basis, coming below market projections of 0.3 percent. On a year-on-year basis, retail sales growth decelerated to 3.4 percent in May, as...

New Zealand bond yields end session at record low as investors wary ahead of GDT auction overnight

Jul 05, 2016 06:18 am UTC| Commentary

The New Zealand government bonds closed higher on Tuesday as traders were cautious ahead of GlobalDairyTrade (GDT) auction overnight. Also, rising bets that New Zealands central bank will cut its cash rate in the coming...

Japan services sector shrinks in June, raises concern over weak consumer spending

Jul 05, 2016 06:15 am UTC| Commentary Economy

Japans services sector contracted in June, raising concerns over the countrys weak consumer spending, as new businesses shrank at the fastest pace in almost five years, a private business survey showed on Tuesday. Services...

Australia’s trade deficit in May widens on rise in imports; likely to narrow next year

Jul 05, 2016 06:06 am UTC| Commentary Economy

In seasonally adjusted terms, Australias trade deficit widened AUD 433 million to AUD 2.2 billion in May from Aprils upwardly revised deficit of AUD 1.8 billion. Australias trade deficit widened after improving for four...

Australian bonds continue to rally after RBA leaves interest rate on hold, election uncertainty

Jul 05, 2016 05:34 am UTC| Commentary

The Australian government bonds continue to rally on Tuesday after the Reserve Bank of Australia (RBA) maintained its key interest rate at a record low of 1.75%, as expected. Also, the reserve bank opted to leave rates on...

NZ commodity prices jump in June on support from dairy industry

Jul 05, 2016 05:30 am UTC| Commentary

Commodity prices in New Zealand jumped in June, posting the second straight month of rise in a row, primarily led by bounce in dairy industry. Also, rise in prices of seafoodcontributed to the surge. However, an...