Australian bonds slump on mild easing in geopolitical tensions; 10-year yield hits 1-month high

Sep 05, 2019 03:28 am UTC| Commentary Economy

The Australian government bonds slumped on Thursday as a mild easing in geopolitical tensions improved risk appetite, pushing the benchmark 10-year yield to a month high. However, the countrys underlying momentum in the...

U.S. trade deficit narrows in July, but trade flows slow

Sep 04, 2019 15:25 pm UTC| Commentary Economy

The United States trade deficit narrowed down during the month of July, but trade flows slowed; trade deficit narrowed $1.5 billion in July as a gain in exports outweighed a modest decline in imports. This mornings release...

U.S.-China trade dispute likely to dash chance of near-term resolution, uncertainty to further sap global business confidence: S&P Global Ratings

Sep 04, 2019 15:00 pm UTC| Commentary Economy

According to SP Global Ratings, the latest retaliations in the U.S.-China trade dispute seem to dash any chance of a near-term resolution. A report published today, titled Global Trade At A Crossroads: Prospects For...

ANZ World Commodity Price Index lifts 0.3 pct m/m in August following two months of weaker prices

Sep 04, 2019 04:26 am UTC| Commentary Economy

The ANZs World Commodity Price Index lifted 0.3 percent m/m in August following two months of weaker prices. Dairy and forestry sectors lifted in August but this was largely offset by weaker prices for meat and...

EM Asian currencies likely to decline if US-China trade tensions intensify further, says Scotiabank

Sep 04, 2019 04:15 am UTC| Commentary Economy

The emerging market Asian currencies are expected to decline if the US-China trade tensions intensify further. But if the trade disputes remain under control, the Feds future rate cuts/monetary easing will certainly prop...

Australia’s current account registers surplus in Q2; Q3 looks little lower given fall in commodity prices, says ANZ Research

Sep 03, 2019 07:38 am UTC| Commentary Economy

Australias current account was in surplus in Q2, improving upon the revised AUD1.1bn (previously AUD2.9bn) deficit in Q1. The trade balance increasing to AUD19.9bn from AUD14.8bn was the main driver of this surplus. The...

Australian Q2 GDP likely to rise 0.5 pct, annual growth to edge down to 1.4 pct: ANZ Research

Sep 03, 2019 07:21 am UTC| Commentary Economy

After the release of key partial indicators this week, Australias gross domestic product (GDP) for the second quarter of this year is expected to rise 0.5 percent q/q. This would see annual growth edge down to 1.4 percent...