Australia's top central banker sounded sanguine about a sharp slowdown in t...
SYDNEY - Australia’s top central banker sounded sanguine about a sharp slowdown in the country’s property market on Wednesday saying it was unlikely to derail momentum even as data showed the $1.3 trillion economy hit an airpocket last quarter.
The dismal figures sent the Australian dollar to a two-month trough of $0.7029 as investors wagered the Reserve Bank of Australia would ease policy to stimulate the economy. Australia’s top investment bank Macquarie also revised its rate outlook to two cuts this year from no change previously, as did JPMorgan.
A revival in business investment, strong government spending, higher commodity prices and a still robust jobs market are among reasons for the RBA’s optimism.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Stocks under pressure | Trump cuts summit short | GDP data setStock futures are pointing to another lower Wall Street open, following a mixed Wednesday session.
Lire la suite »
Stocks little changed despite stronger-than-expected GDPStocks were little changed at Thursday's open as stronger-than-expected economic data were offset by talks between President Donald Trump and North Korean leader Kim Jong Un falling through.
Lire la suite »
Fourth-quarter GDP growth hits 2.6 percent, beating estimatesUS economy slowed less than expected in the fourth quarter amid solid consumer and business spending, leaving 2018 growth just shy of the Trump admin.'s 3% annual target.
Lire la suite »
Fourth-quarter GDP increases 2.6%, better than expectedEconomists surveyed by Dow Jones expected a gain of 2.2 percent after a 3.4 percent rise in the third quarter.
Lire la suite »
Stocks retreat after failed Trump-Kim summit; GDP data better than expectedU.S. stocks fall Thursday morning but are off pre-market lows after a reading of fourth-quarter GDP came in better than expected.
Lire la suite »
U.S. Growth Slows As GDP Hits 2.6%, Markets SlipThe last quarter of 2018 was boosted by consumer spending, nonresidential fixed investment, exports, private inventory investment and federal government spending
Lire la suite »
Economy slows to 2.6% in fourth quarter, GDP shows, but it still shows lots of muscleA slumping housing market and bigger trade deficit softened up the economy in the final three months of 2018 after a torrid spell of growth last spring and summer, but consumers and businesses still showed plenty of resilience. GDP grew 2.6% in the fourth quarter and 2.9% for all of 2018.
Lire la suite »
It’s Official: India’s Economy Did Better Under Modi, If You Trust the GDPThe latest rosy economic growth figures give Indian Prime Minister Narendra Modi a potentially powerful weapon as he looks to get re-elected in the spring.
Lire la suite »
Trump-Kim summit fizzles; AB InBev surges; US GDPToday’s top business headlines with ChristineRomans before the opening bell on Wall Street:
Lire la suite »