Reserve Bank of Australia Holds Key Rate Steady, But More Hikes Still Possible Amid Persistently High Inflation

Inflation in Australia continues to be too high and is unlikely to return to the midpoint of the target range until late next year, the country's central bank said as it left borrowing costs unchanged.

MT NewswiresAug 11 14:11

Australian Consumer Confidence Rises as Financial Outlook Improves

The ANZ-Roy Morgan Australian consumer confidence rose 2 points to 70.8 in the week of June 1 to June 7, ANZ reported Tuesday.The four-week moving average rose 1.7 points to 68 points.Consumer

MT NewswiresJun 10 08:40

Australian Manufacturing Sector's Growth Decelerates in May as Middle East Conflict Continues to Reverberate

Australia's manufacturing sector expanded in May, but the pace of growth slowed from the previous month amid intense supply-chain disruption and as new orders recorded their sharpest decline since October.

MT NewswiresJun 1 08:45

Australian Unemployment Hits 4.5% to Highest Level Since Late 2021

Australia's unemployment rate rose to its highest level in four and a half years in April, as a drop in female workforce participation weighed on the labor market.

MT NewswiresMay 21 14:13

JPMorgan: Is Gold Priced at $4,600 Really Expensive?

JPMorgan pointed out that, according to the traditional model (fair value of $1,000-$1,900), gold is significantly overvalued, but this does not mean it is "wrong"—the high premium reflects a rational pricing of geopolitical risks, damaged U.S. dollar credibility, and the failure of the 60/40 portfolio. The real drivers of the rally—the "century rebalancing" of Western pension funds into gold and stagflation trades—have yet to kick in, and $4,600 may be a worthwhile "insurance premium" to pay.

wallstreetcnMay 7 13:48

Australian Consumer Confidence Falls Amid Rising Inflation Expectations

The ANZ-Roy Morgan Australian consumer confidence fell 0.2 points to 64.3 in the week of April 13 to 19, ANZ reported Tuesday.The four-week moving average rose 0.3 points to 62.5 points.Australian

MT NewswiresApr 21 14:01