Australia NAB: Conditions Stable,Confidence Down to 2013 Level
Comments from NAB: Up to a 40% chance the Reserve Bank of Australia cash rate goes below 2% The capex subindex points to moderate expansion in non mining "Confidence also fell across all industries except manufacturing a…
Up to a 40% chance the Reserve Bank of Australia cash rate goes below 2%
The capex subindex points to moderate expansion in non mining
"Confidence also fell across all industries except manufacturing and wholesale, suggesting common factors such as political and broader economic uncertainty may be at play ... perhaps the rate cut acted as a stark reminder of the significant headwinds facing the economy"
"We still see another rate cut in coming months ... most likely May but the April meeting is live and data-dependent"
U.S. inflation accelerated in September, fueling expectations that the Federal Reserve could raise interest rates later this month as Wall Street reacted to stronger-than-expected consumer price pressures. Data released …
A Singapore-registered container ship sank in the Strait of Hormuz on Wednesday after being hit by an unidentified projectile, triggering a fire and raising fresh concerns over maritime security and global oil shipments.…
Wall Street stocks closed lower on Wednesday as stronger-than-expected US inflation data revived expectations of a Federal Reserve interest rate hike, sending Treasury yields higher and pressuring technology shares. The …
