Economic News Category

RBA to Raise the Cash Rate by 50 bps, AUD Reserve Bank meeting is on 6th September. It is expected that the cash rate will be raised by 50 basis points to 2.35%. The best approach will be to strengthen the statement we saw last month, not on a pre set path and following Chair

Eurozone Consumer Price Index (CPI) YoY The ECB is expected to raise the interest rate on their next meeting on 7th Sep. The discussion is that if the rates will be increased by 50bps or 75bps ? ECB members have been preparing the markets for what could be a potential 75bps hike, despite the possibility

Second quarter GDP figures are expected to be strong recession signal Second quarter GDP figures are expected to be strong. Economy is expected to regain the positive momentum and expectations of analysists are of 4.5% compared to 3.1% registered in the first quarter of the year. The monthly reading for June is also expected to

Australia Retail Sales Growth at 4-Month High The ABS initial estimates of official retail showed a much stronger than expected 1.3% gain in July. That compares to a low rise of 0.2% in June and marks the strongest monthly gain since March. The consensus forecast was of a 0.3% rise The detail shows a broad-based

Additional China stimulus helps stimulate the Aussie After problem in the housing market and a recent bout of poor data from China, including weak retails Sales and Industrial Production, China has implemented several polices to help the beleaguered sectors. Earlier this week, China announced plans for $29 Billion in special loans to help troubled developers