Deep Correction in Australia's Housing Market: Home Prices Expected to Fall 13% from Peak to Trough
Main pointsAustralia's national home prices are expected to decline more sharply, with the peak-to-trough correction revised to 13%. HSBC has raised its forecast for the nationwide housing price
RBA Speakers Key to Aggressive Rates Pricing -- Market Talk
2301 GMT - This week's focus will be back on the Reserve Bank of Australia, with two senior staff speaking. Deputy Governor Andrew Hauser and Assistant Governor Sarah Hunter are likely to comment on
Australia's August Manufacturing PMI Confirmed at 52.0, Holding at Highest Level Since January
Australian Companies' Gross Operating Profits Rise in June Quarter
Australia's seasonally adjusted company gross operating profits rose 1.8% quarter-on-quarter and 7.4% year-on-year in the June quarter, according to a Monday report by the Australian Bureau of
Australia's July Inflation Moderates to 3.5% but Beats Estimates
RBA Keeps Rates Unchanged on Restrictive Policy Concerns Despite Persistent Inflation
Australia's August Manufacturing PMI Holds Firm at 52.0; Services PMI Dips to 52.9
Australia's Economy Likely Stuck in Slow Lane -- Market Talk
0231 GMT - There's a 30% chance that Australia's economy contracted in 2Q, says Westpac economist Pat Bustamante. The bank is forecasting the economy grew by just 0.2% in the quarter. The estimated
Australia's Unemployment Rate Rises to 4.5% in July as Employment Unexpectedly Contracts
Reported Earlier, Australia Full Employment Change For July 16.3K Vs. 48.9K (Revised) Prior
Reported Earlier, Australia Full Employment Change For July 16.3K Vs. 48.9K (Revised)
Reported Earlier, Australia Employment Change For July -15.8K Vs. 11.7K Est.; 80.2K (Revised) Prior
Reported Earlier, Australia Employment Change For July -15.8K Vs. 11.7K Est.; 80.2K (Revised)
Reported Earlier, Australia Wage Price Index (QoQ) For Q2 0.8% Vs. 0.8% Est.; 0.8% Prior
Reported Earlier, Australia Wage Price Index (QoQ) For Q2 0.8% Vs. 0.8% Est.; 0.8%
Australia Q2 Wages Rise 3.2% Y/Y; RBA's Hauser Warns Inflation Risks Could Force Rate Hikes
Prices retreated amid concerns over falling commodity prices and a decline in mortgage applications.
Market Overview for the Week of August 10–14: The S&P/ASX 200 recorded a high of 9,282.9, a low of 9,090.5, and closed at 9,115.2, down 1.6% from the previous week. The index retreated amid concerns over falling commodity prices and a decline in mortgage applications. On August 11, the Reserve Bank of Australia (RBA) kept the policy interest rate unchanged at 4.35%, in line with market consensus. As expectations for further rate hikes had already receded following the recent rally in equity prices, the announcement was largely priced in, leading to a "buy the rumor, sell the fact" dynamic. On the 13th, ANZ Group, a major bank, cited tax system changes...
Reported Earlier, Australia Home Loans (MoM) For Q2 -1.9% Vs. -3.5% (Revised) Prior
Reported Earlier, Australia Home Loans (MoM) For Q2 -1.9% Vs. -3.5% (Revised)
Over 80% of Country ETFs Are Above 50-day MAs as the Global Rally Broadens
RBA's Revised Forecasts Suggest Tightening Cycle Nearly Over -- Market Talk
0536 GMT - The Reserve Bank of Australia's revised economic forecasts suggest the central bank is nearing a level of comfort about policy settings. The unemployment rate path has been revised higher.
Reported Earlier, National Australia Bank Business Confidence For July -6 Vs. -6 (Revised)
Reported Earlier, National Australia Bank Business Confidence For July -6 Vs. -6 (Revised)
Reported Earlier, Australia Interest Rate Decision For August Unchanged At 4.35%
Reported Earlier, Australia Interest Rate Decision For August Unchanged At 4.35%
South Africa, Taiwan, South Korea Lead Markets in August