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Australia

Australia Q1 GDP growth hits weakest pace in 1-1/2 years as consumers struggle

BY Reuters  • June 7, 2023June 7, 2023
SYDNEY (Reuters) – Australia’s economy grew at the weakest pace in 1-1/2 years last quarter as high prices and rising interest rates sapped consumer spending, while emerging signs pointed[...]
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Asia Australia Business Economy

Marketmind: Nervous eyes on China trade

BY Reuters  • June 6, 2023June 6, 2023
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Chinese trade figures for May top the Asia-Pacific economic data and events calendar on Wednesday with[...]
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Asia Australia Business Economy US

Greenback gains, Aussie jumps on RBA rate hike

BY Reuters  • June 6, 2023June 6, 2023
By Karen Brettell NEW YORK (Reuters) – The U.S. dollar gained against the euro and yen on Tuesday as investors focused on the likelihood that the Federal Reserve will continue hiking rates, whil[...]
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Asia Australia Business Canada Economy Europe UK Updated US

Stocks edge up as Aussie hike provides rates reminder

BY Reuters  • June 6, 2023June 6, 2023
By Marc Jones and Koh Gui Qing LONDON/NEW YORK (Reuters) – World shares edged higher on Tuesday as investors mulled whether a recent rally in stocks has legs to run further, while Treasury yield[...]
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Asia Australia Business Economy Europe Top News Updated US

Australia cenbank warns of more hikes ahead after raising rates to 11-yr high

BY Reuters  • June 6, 2023June 6, 2023
By Stella Qiu SYDNEY (Reuters) -Australia’s central bank on Tuesday raised interest rates by a quarter-point to an 11-year high, and warned that further tightening may be required to ensure that[...]
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Asia Australia Business Economy Updated

Global housing outlook brightens despite pressure from higher rates: Reuters poll

BY Reuters  • June 6, 2023June 6, 2023
By Hari Kishan and Sarupya Ganguly BENGALURU (Reuters) – The outlook for most major housing markets has improved slightly from three months ago despite high interest rates, according to Reuters[...]
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Asia Australia Business Canada Economy Europe UK US

Shares steady on hopes for rate-hike hiatus in June

BY Reuters  • June 5, 2023June 5, 2023
By Lawrence White and Koh Gui Qing NEW YORK/LONDON (Reuters) – World stocks and the dollar dipped on Monday as investors mulled whether the Federal Reserve will refrain from raising rates in Jun[...]
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Asia Australia Business Economy Europe Top News Updated US

Marketmind: RBA set for a ‘hawkish pause’ … again?

BY Reuters  • June 5, 2023June 5, 2023
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. The Reserve Bank of Australia delivers its latest interest rate decision on Tuesday, undoubtedly the c[...]
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Asia Australia Business Economy US

Marketmind: Teed up for a bullish start to the week

BY Reuters  • June 4, 2023June 4, 2023
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Asian markets are set for a strong start on Monday, extending last week’s upward momentum and ri[...]
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Asia Australia Business Economy US
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