Quotes from RBC Capital Markets GDP rose 0.5%q/q, 2.5%y/y in Q4, broadly as both the market and RBA expected. The contours of the data were very much in line with recent themes; the influence of lower rates was evident a…
GDP rose 0.5%q/q, 2.5%y/y in Q4, broadly as both the market and RBA expected.
The contours of the data were very much in line with recent themes; the influence of lower rates was evident across various data, whilst export growth continues apace. Against this, investment and public demand continue to drag.
The net result remains sub-potential growth, and given the structural nature of most of these themes, more of the same can be expected. Our economists maintain their call for the next RBA rate cut to come in May. January retail sales (tonight) are expected to rise 0.4% m/m.
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
