RBA confirms that it is ‘wait and see’ mode

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In a speech by RBA Assistant Governor (Economic) Philip Lowe entitled “Inflation: The Recent Past and the Future”, Mr Lowe has reiterated that the RBA believes underlying inflation will lift... Read more continue reading

Weekly market & economic update

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Headline developments of the past week The past week has seen some good news on the Greek debt front with the Greek Government surviving a parliamentary confidence vote, the EU... Read more continue reading

CommSec: Improved conditions for retailers

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CBA Business Spending Index There appears light in the tunnel for retailers. A key measure of economy-wide spending is now edging slightly higher after contracting for most of the past... Read more continue reading

CommSec: Petrol set to fall as global oil price slides

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Weekly petrol prices According to the Australian Institute of Petroleum, the national average Australian price of unleaded petrol rose by 1.1 cents per litre to 140.2 cents a litre in... Read more continue reading

CommSec: China’s inflation dragon is being tamed

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Chinese economic data Inflation still creeping higher. China’s annual inflation rate rose from 5.3 per cent to a 34-month high of 5.5 per cent in May. But the result was... Read more continue reading

CommSec: Lending near 5-year low; Credit cards shunned

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Lending finance; Credit & debit card statistics Lending slides again. Total lending finance fell for the third time in four months, dropping by 3.8 per cent in April to near... Read more continue reading

CommSec: Home loans rise but investors stay clear

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Housing finance The number of new owner-occupier housing loans rose by 4.8 per cent in April after falling by 1.1 per cent in March. The number of loans is 3.1... Read more continue reading

CommSec: Job ads slump; Inflation eases to 5-year low

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TD Securities monthly inflation gauge; Job Ads; Weekly petrol price Job market slows. The ANZ job advertisement index slumped by 6.5 per cent in May with internet jobs down 6.6... Read more continue reading

CommSec: Aussies go on a health kick; exports reliant on China

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Retail trade; International trade Retail spending grew by 1.1 per cent in April after falling by 0.3 per cent in March. The lift in sales was driven by increased spending... Read more continue reading

CommSec: Patchwork economy in reverse; manufacturing shrinks

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National accounts The Australian economy fell by 1.2 per cent in the March quarter. And while the downturn can be largely explained by the disruption to coal exports caused by... Read more continue reading