BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
Dollar Weakens Ahead of Expected Federal Reserve Rate Cut 
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low 
European Stocks Rise as Markets Await Key U.S. Inflation Data 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
Australia’s Economic Growth Slows in Q3 Despite Strong Investment Activity 
Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
In the third quarter of 2024, Australia's economy grew by 0.3% compared to the previous quarter, a slight improvement from the 0.2% growth seen in the second quarter. This growth marks the twelfth quarter of economic expansion; however, it was lower than the expected 0.4% growth for this period.
Several key factors contributed to this growth:
Fixed Investment: Increased significantly, mainly driven by public investment, which rose 6.3%.
Government Spending: Stayed stable at 1.4%, helping to support the economy.
Household Spending: Did not change much, remaining flat after a decline in the second quarter. This was mostly because people cut back on spending for non-essential items.
Trade Balance: Exports went up by 0.2%, while imports dropped by 0.3%, which positively impacted GDP.
On a yearly basis, the economy grew by 0.8%, the slowest growth rate since the fourth quarter of 2020. Australia's economy is also dealing with high interest rates intended to control inflation, although inflation has recently started to show signs of easing.
