Australia's August Manufacturing PMI Confirmed at 52.0, Holding at Highest Level Since January
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 Unemployment Rate Rises to 4.5% in July as Employment Unexpectedly Contracts
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...
Reserve Bank of Australia Keeps Rates Unchanged at 4.35% Amid Stubborn Inflation
Australia Unexpectedly Swings to AUD 1.93B Trade Surplus in June as Exports Surge 9.6%
Australia's Manufacturing Growth Rebounds to Six-month High of 52.0 in July
Winter storms in Chile disrupt copper mining; producers issue further warnings of tightening supply
① A deadly storm struck northern Chile, triggering floods and heavy snowfall, forcing the suspension of large-scale copper mining operations; mining activities and logistics in parts of Argentina were also affected. ② The storm represents a short-term disruption linked to El Niño, but analysts note that weather-related disruptions are becoming a recurring feature of global copper supply. ③ Beyond operational challenges posed by climate change, copper mining also faces declining ore grades and aging mines, contributing to a tightening of global copper supply.
Australia's Inflation Unexpectedly Eases to 3.8% but Stays Above RBA Target Range
Australia's Private Sector Activity Accelerates in July as Services & Factory Orders Rebound
BHP Group Ltd port workers plan to strike, potentially disrupting operations at the world's largest iron ore export terminal.
① Hundreds of workers at Port Hedland are scheduled to stage an eight-hour work stoppage from 2 p.m. to 10 p.m. on July 16; ② BHP Group Ltd stated: "A robust iron ore industry is in the interest of all Australians. We look forward to continuing constructive negotiations to reach a fair agreement while ensuring the safety and stability of our operations."
Australia's Services Sector Sneaks Back Into Expansion With June PMI Revision to 50.5
Australia Slips Into Unexpected AUD 3.02B Trade Deficit as Exports Tumble
Australia's Manufacturing PMI Hits 5-month High of 51.5 in June
Australia Seeks to Double Fines for Social Media Platforms Over Child Accounts
Australia's Unemployment Rate Edges Down to 4.4% as May Job Growth Beats Forecasts
Australia Headline Inflation Cools to 4.0% in May, but Sticky Core Pressures Remain