Australia business confidence slightly eases in Q3 on depressing sales, profits

Oct 20, 2016 06:15 am UTC| Commentary Economy

Business confidence in Australia slightly eased during the third quarter of this year, following depressing sales and profits during the period that hampered corporate earnings; despite this, firms still turned out more...

New Zealand bonds close marginally higher on RBNZ easing bets; 10-year yields fall first time this week

Oct 20, 2016 05:56 am UTC| Commentary

The New Zealand government bonds closed marginally higher Thursday as investors speculate that the Reserve Bank of New Zealand (RBNZ) will lower its interest rate in Novembers monetary policy meeting in the wake of...

Australia employment falls for second straight month in Sep, ignites RBA to slash rates

Oct 20, 2016 05:37 am UTC| Economy Commentary

Employment in Australia fell for the second straight month during the period of September, with the participation rate witnessing a sharp decline as well, which is likely to ignite the Reserve Bank of Australia (RBA) to...

BoC keeps policy rate on hold and revises down growth outlook, unlikely to hike rate any time soon

Oct 20, 2016 05:29 am UTC| Commentary Central Banks

As widely expected, the Bank of Canada kept its key policy rate on hold at 0.50 percent during its meeting yesterday. Meanwhile, the central bank revised down its economic growth outlook again citing subdued exports...

U.S. housing starts disappoint in September, housing market to recover gradually

Oct 20, 2016 04:54 am UTC| Commentary

The pace of U.S. homebuilding slowed in September, with housing starts dropping to 1,047k annualized. It fell by 103k units. The headline figure was significantly lower than consensus projections, which was for a rise to...

Australian bonds strengthen as employment falls unexpectedly in September, Q3 CPI in focus

Oct 20, 2016 04:53 am UTC| Commentary

The Australian government bonds strengthened Thursday after latest economic data showed that the country registered its biggest monthly drop in full-time employment in five years in September. Also, now investors will...

Brazilian central bank cuts interest rate first time in four years to spur economic recovery

Oct 20, 2016 04:50 am UTC| Commentary Economy Central Banks

The central bank of Brazil has cut its benchmark interest rate for the first time in four years at the monetary policy meeting held Wednesday, in an attempt to spur the countrys economic recovery. The Latin Americas...