Wayne's Feed
Nov 27, 2014

Australia businesses investment a plus for Q3 growth

SYDNEY, Nov 27 (Reuters) – Australian business investment
outpaced forecasts last quarter while future spending plans
were upgraded beyond expectations, a hopeful sign the economy
can cope with a cooling mining boom.

The Australian dollar rose a quarter of a U.S. cent
after the Australian Bureau of Statistics (ABS) reported capital
spending edged up by 0.2 percent in the third quarter, a solid
result given analysts had tipped a fall of 1.5 percent.

Nov 24, 2014

Asia stocks jump as China, Europe step up stimulus

SYDNEY (Reuters) – Asian share markets were broadly higher on Monday as the prospect of further policy stimulus in China and Europe whetted risk appetites while sending the euro skidding.

The single currency was near 28-month lows having shed 1.2 percent on Friday when European Central Bank President Mario Draghi surprised by declaring his commitment to fighting deflation.

Nov 23, 2014

Asia cheered by China, European stimulus

SYDNEY (Reuters) – Asian share markets followed the dollar higher on Monday as the prospect of further policy stimulus in China and Europe whetted risk appetites while sending the euro skidding.

The single currency was matching 28-month lows in early trade having shed 1.2 percent on Friday when European Central Bank President Mario Draghi surprised by declaring his commitment to fighting deflation.

Nov 20, 2014

Yen slides to fresh seven-year low vs dollar; Aussie falters

SYDNEY/SINGAPORE (Reuters) – The yen slid on Thursday, striking seven-year lows against the dollar and a six-year trough versus the euro as speculators poured into carry trades funded by a tide of super-cheap liquidity from the Bank of Japan.

The dollar romped as far as 118.64 yen JPY=, its highest level since August 2007. The greenback last traded at 118.62 yen, up 0.6 percent on the day, having risen almost 10 yen since the BOJ sprang its surprise stimulus steps on the market at the end of October.

Nov 19, 2014

Yen in full retreat, Fed unalarmed by dollar strength

SYDNEY (Reuters) – The yen slid on Thursday, striking seven-year lows against the dollar and a six-year trough versus the euro as speculators poured into carry trades funded by a tide of super-cheap liquidity from the Bank of Japan.

The dollar romped as far as 118.09 yen, up over a full yen in 24 hours and almost 10 yen since the BOJ sprang its surprise stimulus steps on the market at the end of October.

Nov 18, 2014

G20′s new growth plans suspiciously long in the tooth

SYDNEY, Nov 18 (Reuters) – As leaders of the world’s 20 most
powerful nations congratulate themselves on plans to boost
economic growth, a closer look at their 800-plus policy
proposals reveals a catalogue of measures that are either old,
vague or unlikely to be implemented.

Australia, the hosts of the Group of 20 meeting, claimed
credit for a year-long effort to get members to adopt “extra”
reforms that would add $2 trillion to the world economy and
create millions of new jobs. Prime Minister Tony Abbott said the
plans would make the whole planet “better off”.

Nov 6, 2014

Australia jobs rebound, A$ still hits four-year trough

SYDNEY (Reuters) – Australian employment rebounded in October to keep the jobless rate steady at 6.2 percent, though lingering concerns about the reliability of the data still led investors to sell the local dollar to four-year lows.

Thursday’s figures from the Australian Bureau of Statistics estimated employment rose 24,100 in October, recovering from a revised 23,700 drop the previous month. Encouragingly, all the gains came in full-time jobs which climbed 33,400.

Nov 6, 2014

Australia jobs rebound, Australian dollar still hits four-year trough

SYDNEY (Reuters) – Australian employment rebounded in October to keep the jobless rate steady at 6.2 percent, though lingering concerns about the reliability of the data still led investors to sell the local dollar to four-year lows.

Thursday’s figures from the Australian Bureau of Statistics estimated employment rose 24,100 in October, recovering from a revised 23,700 drop the previous month. Encouragingly, all the gains came in full-time jobs which climbed 33,400.

Nov 4, 2014

Australia’s central bank keeps rates low, consumers encouraged

SYDNEY (Reuters) – Australia’s central bank kept interest rates at record lows for a 14th straight policy meeting on Tuesday, saying the stimulus was justified given the outlook for sub par growth even as consumers showed signs of opening their wallets.

The result surprised no one but the local dollar did edge higher as the Reserve Bank of Australia (RBA) refrained from escalating its verbal campaign for a lower currency.

Nov 4, 2014

Australia has Apple to thank for timely economic boost

SYDNEY, Nov 4 (Reuters) – Australian retail sales expanded
at the fastest pace in 19 months in September as consumers went
on a buying frenzy for Apple’s new phones, giving a
sizable boost to the entire economy in the process.

The upbeat data helped offset revised figures from the
Australian Bureau of Statistics (ABS) that showed employment was
softer than first reported over August and September combined.