Insights

China PMI surprises to the upside

Chinese November PMI was released at 12.00pm AEDT today. The official number for November was 55.2, better than market expectations of 54.7 and October’s reading of 54.7. Initial AUD reaction: 0.9575... » Read more

Aussie Q3 GDP weaker than expected

The Australian Bureau of Statistics released third quarter GDP at 11.30am AEDT today. GDP for Q3 rose by 0.2%, well below market expectations of 0.5%. The annualised figure came out at... » Read more

RBA November minutes

The RBA released the minutes of the November 2nd Board meeting at 11.30am AEDT today. The pertinent points are: -              Decision to raise rates was finely balanced, they chose to... » Read more

Aussie unemployment rate spikes in October, Participation rate jumps

The Australian Bureau of Statistics released the Employment report for October at 11.30am AEDT. The unemployment rate spiked to 5.4%. The reason for the increase was a jump in the... » Read more

Weaker Aussie retail sales in September, Trade surplus narrows from record high

The Australian Bureau of Statistics released the Retail Trade figures and the Trade balance at 11.30am today. Retail Sales in September rose by 0.3%, below market expectations of 0.5% The Trade... » Read more

RBA surprises the market with Melbourne Cup rate hike

At its Monetary Policy meeting today, the RBA raised interest rates by 25 basis points to 4.75%.  The key points in the accompanying statement were: - Early modest tightening was... » Read more

RBNZ keeps rates on hold as expected

The RBNZ as expected left interest rates on hold at 3.00%. The accompanying statement highlighted soft global and domestic conditions but did state that the next move in interest... » Read more

Aussie CPI puts RBA Melbourne Cup decision in doubt

The Australian Bureau of Statistics released the CPI report for the third quarter at 11.30am. Headline CPI for the quarter was 0.7% (0.9% exp) and the annualised figure came out... » Read more

RBA October 2010 Board Meeting Minutes

The RBA released the minutes of the October 5th Board meeting at 11.30am today. The pertinent points are: •             October decision was finely balanced. •             Members saw need for rates to... » Read more

RBA unexpectedly leaves rates on hold at 4.50%

At its  Monetary Policy meeting today, the RBA left rates on hold at 4.50%. The key points in the accompanying statement were: -              Global economy grew faster than trend in... » Read more

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