Australian Economy Will Decline In 2018, Says Evans
According to some readings, Australia’s economic growth may decline in 2018, while the Reserve Bank of Australia (RBA) is planning for a rate hike and this will be the first time in late 2010.
The Westpac-MI Leading Index gauges the domestic and international indicators in speculating the possible outlook of Australian economy within 3-9 months. However, the composite index is down to -0.19% in the previous month and stayed in the negative zone for three consecutive months.
With the -0.19% result may indicate that Australian economy will decrease lower than 2.75%, this is generally known to be the current trend rate of the country. On March 2017, the rate came in at +1.13%.
According to Westpac chief economist, Bill Evans, the latest predictions would affect those who anticipated that the GDP growth for 2017 will reach 3%, the expectant, including the RBA may likely end up disappointed. In spite of the mixed data for this period which may further drag down the headline index, Evans remained unchanged with his views that economic growth of the county will still be lower next year.
Topic: Company News by ForexMart - page 3. (Read 1899 times)
Japanese Firms Expect Positive Economic Growth for US and China
Large number of companies in Japan have optimistic views for the American economy based on Reuters poll. This restored market confidence as they worry about the possible slow down of US growth.
The majority also had issued a positive forecast for the Chinese economy amid the negative outlook of few companies that prospects seem greater than for the US economy.
The poll made by Reuters Corporate showed that 64 percent of Japanese firms believe that the United States will continue to grow within its current momentum, while there are 19 percent who presumed that the country will further expand. The other 17 percent anticipates for a slackening growth. However, many respondents, including the manager, questioned the competence of the Trump administration in managing the main policy issues. The survey is done on August 30 until September 12, this concurred with the upward revision to U.S. GDP for Q2 which appeared to be higher than the strong consumer expenditure and business investment. Moreover, the poll started upon the arrival of Hurricane Harvey on Texas and the survey was finished when Hurricane Irma get into the shores of Florida. Even before the poll was published, experts downgraded forecasts for GDP but economic indicators showed stronger stance which led to further increase.
According to the survey conducted by the Reuters Corporate, there are 59 percent firms in Japan, with direct or indirect transactions with the US, stated that their business plans appeared to be running smoothly. But 33 percent claimed that there is quite delays and sluggishness while the remaining 8 percent are yet to review their plans.
Large number of companies in Japan have optimistic views for the American economy based on Reuters poll. This restored market confidence as they worry about the possible slow down of US growth.
The majority also had issued a positive forecast for the Chinese economy amid the negative outlook of few companies that prospects seem greater than for the US economy.
The poll made by Reuters Corporate showed that 64 percent of Japanese firms believe that the United States will continue to grow within its current momentum, while there are 19 percent who presumed that the country will further expand. The other 17 percent anticipates for a slackening growth. However, many respondents, including the manager, questioned the competence of the Trump administration in managing the main policy issues. The survey is done on August 30 until September 12, this concurred with the upward revision to U.S. GDP for Q2 which appeared to be higher than the strong consumer expenditure and business investment. Moreover, the poll started upon the arrival of Hurricane Harvey on Texas and the survey was finished when Hurricane Irma get into the shores of Florida. Even before the poll was published, experts downgraded forecasts for GDP but economic indicators showed stronger stance which led to further increase.
According to the survey conducted by the Reuters Corporate, there are 59 percent firms in Japan, with direct or indirect transactions with the US, stated that their business plans appeared to be running smoothly. But 33 percent claimed that there is quite delays and sluggishness while the remaining 8 percent are yet to review their plans.
The current Money Fall contest has already started on September 18, 2017 and will end on September 22, 2017.
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You can register for the next competition which will take place from September 25, 2017 to September 29, 2017
Note:
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Disappointing Chinese Data Weighed on Asian Shares
On Thursday, Asian stocks were partly lower from its 10-year highs as Chinese data showed softer than the expected figures of the markets. On one side, the dollar remained unchanged prior the release of its inflation data later this day.
Fixed-asset investment in China, along with the retail sales and factory output came in lower, underlining some reports that the world’s biggest economy is slowly losing its strength due to rising borrowing costs.
The Aussie dollar is known to a liquid proxy for China-related tradings, but its gains also reduced, reaching 0.3 percent at $0.8006 followed by the robust data on employment.
The shares of MSCI’s broadest index of Asia-Pacific, excluding Japan, fell by 0.1 percent on the back of reaching its highest in 2007. After the sluggish data, Chinese stocks are currently in an unprofitable financial condition and gave up its earlier gains.
While Nikkei Japan slid by 0.2 percent and the broader TOPIX wiped off its two-year peak along with the weakening of the Japanese yen.
Additionally, KOSPI index of South Korea was up by 0.1 percent while the Australian shares had a 0.2 percent dipped.
On Thursday, Asian stocks were partly lower from its 10-year highs as Chinese data showed softer than the expected figures of the markets. On one side, the dollar remained unchanged prior the release of its inflation data later this day.
Fixed-asset investment in China, along with the retail sales and factory output came in lower, underlining some reports that the world’s biggest economy is slowly losing its strength due to rising borrowing costs.
The Aussie dollar is known to a liquid proxy for China-related tradings, but its gains also reduced, reaching 0.3 percent at $0.8006 followed by the robust data on employment.
The shares of MSCI’s broadest index of Asia-Pacific, excluding Japan, fell by 0.1 percent on the back of reaching its highest in 2007. After the sluggish data, Chinese stocks are currently in an unprofitable financial condition and gave up its earlier gains.
While Nikkei Japan slid by 0.2 percent and the broader TOPIX wiped off its two-year peak along with the weakening of the Japanese yen.
Additionally, KOSPI index of South Korea was up by 0.1 percent while the Australian shares had a 0.2 percent dipped.
CBA Issued $3 Bonds Despite Money-laundering Allegations
Bonds worth $3 billion was successfully issued by the Commonwealth Bank of Australia (CBA) in the United States amid the money-laundering allegations against the biggest lender in the country.
The bank had it in three-parts and sold more cheaply than anticipated that increased the funds and garnered $5.9 billion orders as reported by the Reuters on Thursday morning. It is separated into three partitions, 10-year bonds worth $700 million, 5-year bonds worth $1.15 billion and 3-year bonds worth $1.15 billion stated by the IFR magazine. Following the sudden increase in the U.S. bond market, the demand surged up with scarcity in high credit rating as it is highly applied for.
During the CBA meeting with the investors last week, they were able to discuss if the money-laundering issue would affect raising of debt. The Australian Transaction Reports and Analysis Centre (AUSTRAC), a financial intelligence agency of the country, filed a lawsuit against the CBA and faces anti-money and counter terrorism financing laws. At the same time, they are also confronted with a separate examination from two regulatory companies and a possible legal action. The Australian banks lost 9 percent A$14.3 billion or $11.5 billion following the AUSTRAC case.
Bonds worth $3 billion was successfully issued by the Commonwealth Bank of Australia (CBA) in the United States amid the money-laundering allegations against the biggest lender in the country.
The bank had it in three-parts and sold more cheaply than anticipated that increased the funds and garnered $5.9 billion orders as reported by the Reuters on Thursday morning. It is separated into three partitions, 10-year bonds worth $700 million, 5-year bonds worth $1.15 billion and 3-year bonds worth $1.15 billion stated by the IFR magazine. Following the sudden increase in the U.S. bond market, the demand surged up with scarcity in high credit rating as it is highly applied for.
During the CBA meeting with the investors last week, they were able to discuss if the money-laundering issue would affect raising of debt. The Australian Transaction Reports and Analysis Centre (AUSTRAC), a financial intelligence agency of the country, filed a lawsuit against the CBA and faces anti-money and counter terrorism financing laws. At the same time, they are also confronted with a separate examination from two regulatory companies and a possible legal action. The Australian banks lost 9 percent A$14.3 billion or $11.5 billion following the AUSTRAC case.
Drop of Oil Prices Due to the Hurricane Damages
Oil prices declined on Tuesday as an aftereffect of the Hurricane Irma as it weakened the demand as it counterbalances the restart of the refineries since the Hurricane Harvey. Despite the recovery of the refineries, the repercussion of cyclone Irma was less favorable of favorable for the oil market.
The global benchmark of Brent crude LCOc1 dropped by 35 cents to $53.49 per barrel at 08.47 GMT. On the other hand, the U.S. West Texas Intermediate (WTI) crude CLc1 declined by 30 cents at $47.77 a barrel.
The Goldman Sachs forewarned that there is a possibility for the demand to drop by 900,000 barrels per day for the month of September and 300,000 bpd in the succeeding month because of tropical cyclones.
Investors are also monitoring how the weather conditions could affect the inventories. The report from the American Petroleum Institute (API) is anticipated on Tuesday while the U.S. Department of Energy’s Energy Information Administration (EIA) will publicize the results on Wednesday.
Projections from experts show that the inventory reports of crude stocks will increase by 2.3 million barrels for the week of September 8. Furthermore, the prediction for the refined commodities supply will most likely decline. Despite the present problem in oversupply in oil reserves, oil producing nations particularly the Saudi Arabia and Venezuela and Kazakh counterparts with the probability of extending its lengthen of production output over the March 2018.
Oil prices declined on Tuesday as an aftereffect of the Hurricane Irma as it weakened the demand as it counterbalances the restart of the refineries since the Hurricane Harvey. Despite the recovery of the refineries, the repercussion of cyclone Irma was less favorable of favorable for the oil market.
The global benchmark of Brent crude LCOc1 dropped by 35 cents to $53.49 per barrel at 08.47 GMT. On the other hand, the U.S. West Texas Intermediate (WTI) crude CLc1 declined by 30 cents at $47.77 a barrel.
The Goldman Sachs forewarned that there is a possibility for the demand to drop by 900,000 barrels per day for the month of September and 300,000 bpd in the succeeding month because of tropical cyclones.
Investors are also monitoring how the weather conditions could affect the inventories. The report from the American Petroleum Institute (API) is anticipated on Tuesday while the U.S. Department of Energy’s Energy Information Administration (EIA) will publicize the results on Wednesday.
Projections from experts show that the inventory reports of crude stocks will increase by 2.3 million barrels for the week of September 8. Furthermore, the prediction for the refined commodities supply will most likely decline. Despite the present problem in oversupply in oil reserves, oil producing nations particularly the Saudi Arabia and Venezuela and Kazakh counterparts with the probability of extending its lengthen of production output over the March 2018.
French President Supports EU Ties with Turkey
The president of France, Emmanuel Macron, commented on Thursday that the Turkey is essentially part of the European Union and sustain its diplomatic relationships despite its distressing problems as of lately. This comment from Macron supports the recent speech of German Chancellor Angela Merkel about the membership with E.U. particularly referring to Turkey which is deemed to be terminated.
Macron mentioned that Turkey has been distant with the European Union in the past months and has “overstepped” their actions which pertain to the customs union that cannot be disregarded. Despite this complication, he described the country to be a “vital partner” as he is against the disunity as they all confront problems concerning immigration policy and terrorist threats.
The president of France, Emmanuel Macron, commented on Thursday that the Turkey is essentially part of the European Union and sustain its diplomatic relationships despite its distressing problems as of lately. This comment from Macron supports the recent speech of German Chancellor Angela Merkel about the membership with E.U. particularly referring to Turkey which is deemed to be terminated.
Macron mentioned that Turkey has been distant with the European Union in the past months and has “overstepped” their actions which pertain to the customs union that cannot be disregarded. Despite this complication, he described the country to be a “vital partner” as he is against the disunity as they all confront problems concerning immigration policy and terrorist threats.
Greenbacks Weakened as Japanese Yen Strengthened
On Tuesday, the American dollar declined against its major counterparts as tensions arise brought by the North Korea and the reluctance of the Fed Reserve to approach US investors upon returning to the market from the Labor Day holiday.
The ICE U.S. Dollar Index measures the performance of the greenbacks versus its other major six rivals, as it slid lower at 0.3% to 92.318. While, the WSJ Dollar Index gauges the dollar’s position within the larger basket of currencies, showing a downward move by 0.4% to 85.29.
Almost of the U.S. markets were not in operation last Monday due to Labor Day.
The greens further gained losses against the safe haven currencies including the Japanese yen and the Swiss franc on Monday, after the most recent nuclear test made by the Democratic People's Republic of Korea
The USD was able to broke the 109 handle against the yen held during the earlier session, as it weakened to ¥108.73 which is lower from ¥109.73 on Monday.
The city of Pyongyang is predicted to prepare another missile launch sooner or later, that is possible as early as Sept. 9 during the celebration of the region’s National Foundation Day in 1948.
Moreover, the U.S. Dollar fell to 0.9551 against the Swiss franc on the back of a robust trading session and reached the 0.9583 level on Monday.
On Tuesday, the American dollar declined against its major counterparts as tensions arise brought by the North Korea and the reluctance of the Fed Reserve to approach US investors upon returning to the market from the Labor Day holiday.
The ICE U.S. Dollar Index measures the performance of the greenbacks versus its other major six rivals, as it slid lower at 0.3% to 92.318. While, the WSJ Dollar Index gauges the dollar’s position within the larger basket of currencies, showing a downward move by 0.4% to 85.29.
Almost of the U.S. markets were not in operation last Monday due to Labor Day.
The greens further gained losses against the safe haven currencies including the Japanese yen and the Swiss franc on Monday, after the most recent nuclear test made by the Democratic People's Republic of Korea
The USD was able to broke the 109 handle against the yen held during the earlier session, as it weakened to ¥108.73 which is lower from ¥109.73 on Monday.
The city of Pyongyang is predicted to prepare another missile launch sooner or later, that is possible as early as Sept. 9 during the celebration of the region’s National Foundation Day in 1948.
Moreover, the U.S. Dollar fell to 0.9551 against the Swiss franc on the back of a robust trading session and reached the 0.9583 level on Monday.
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Private Sector Positive Growth Pushes Inflation Higher
The month of August has been overall positive for the service sector in Germany. Higher prices uplifted the overall growth of the private sector, according to the survey on Tuesday, The solid upsurge in Europe signals that this the pace will continue. The final composite of the Markit’s PMI that monitors both the manufacturing and services sector which represent more than two-thirds of the whole economy.
The statistics showed an increase to 55.8 from a ten-month low of 54.7 in July. The reading was above the 50 line that divides growth from the contraction which resulted better than the initial estimate of 55.7 as published last month. The upsurge was driven by the manufacturing sector at a fastest rate since April that lead to a sudden spurt in output with new orders and export businesses.
The business activity was up as it reached a two-month high of 53.5 in August with the entry of more orders in a fast pace. Hiring new employees continued although the job creation has become sluggish in more than a year.
On the other hand, the acceleration has also pushed up inflation which has put more pressure on prices that beset the German service providers. The rate of price inflation rose reaching a five-month high while the fees charged by service providers also increase at a quicker rate since March. Hence, the growth forecast of IHS MArket was set to 2.3 for this year and 2.1 percent for the next year.
The month of August has been overall positive for the service sector in Germany. Higher prices uplifted the overall growth of the private sector, according to the survey on Tuesday, The solid upsurge in Europe signals that this the pace will continue. The final composite of the Markit’s PMI that monitors both the manufacturing and services sector which represent more than two-thirds of the whole economy.
The statistics showed an increase to 55.8 from a ten-month low of 54.7 in July. The reading was above the 50 line that divides growth from the contraction which resulted better than the initial estimate of 55.7 as published last month. The upsurge was driven by the manufacturing sector at a fastest rate since April that lead to a sudden spurt in output with new orders and export businesses.
The business activity was up as it reached a two-month high of 53.5 in August with the entry of more orders in a fast pace. Hiring new employees continued although the job creation has become sluggish in more than a year.
On the other hand, the acceleration has also pushed up inflation which has put more pressure on prices that beset the German service providers. The rate of price inflation rose reaching a five-month high while the fees charged by service providers also increase at a quicker rate since March. Hence, the growth forecast of IHS MArket was set to 2.3 for this year and 2.1 percent for the next year.
what is forexmart service, where youre website
or youre service only give signal forex market, youre service free or paid
and where youre portofolio trading, sample use mql5 or mybooxfx, can incraese youre trust if use portofolio but is free is no problem, you can post youre analys in trading section or speculation section
or youre service only give signal forex market, youre service free or paid
and where youre portofolio trading, sample use mql5 or mybooxfx, can incraese youre trust if use portofolio but is free is no problem, you can post youre analys in trading section or speculation section
Economic Upturn of Euro Benefited the British Manufacturers
Reports in the British factories shows huge volume of book orders which are triggered by the sluggish pound after the Brexit referendum plus the robust economy of the euro zone.
According to the survey on business expectations for Q3 in 2017, shows an increase of 34% in output among companies polled by business advisory firms, BDO and EEF which are the manufacturers' body. It presented an expansion from 26% in the past three months.
Based on the report, order books further reached record levels due to higher demand levels from overseas. As 47% of the companies deemed that EU exports grew during the third quarter compared in 2016. Meanwhile, the demand from Asia and the United States also helps negate the relative weaknesses in the UK brought by Brexit.
Moreover, the decline in the pound’s value led to a surge in various economic prices since the EU exit raised costs for imports. This also helped UK products to be more competitive in foreign lands.
It’s been awhile before the exporters gained the benefits. As shown in the report, the demand bolstered by the expansion of economic growth in Europe which weakened the economic performance of UK during the financial disaster until this year.
Reports in the British factories shows huge volume of book orders which are triggered by the sluggish pound after the Brexit referendum plus the robust economy of the euro zone.
According to the survey on business expectations for Q3 in 2017, shows an increase of 34% in output among companies polled by business advisory firms, BDO and EEF which are the manufacturers' body. It presented an expansion from 26% in the past three months.
Based on the report, order books further reached record levels due to higher demand levels from overseas. As 47% of the companies deemed that EU exports grew during the third quarter compared in 2016. Meanwhile, the demand from Asia and the United States also helps negate the relative weaknesses in the UK brought by Brexit.
Moreover, the decline in the pound’s value led to a surge in various economic prices since the EU exit raised costs for imports. This also helped UK products to be more competitive in foreign lands.
It’s been awhile before the exporters gained the benefits. As shown in the report, the demand bolstered by the expansion of economic growth in Europe which weakened the economic performance of UK during the financial disaster until this year.
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Good day!
I am Andrea, an official representative of ForexMart. We would like to extend our services to you right here on this forum. Please follow this thread to get updated about our services, contests or any company-related matters. Suggestions, comments or opinions are all welcome. We will also be glad to attend to your inquiries.
We hope to hear from you soon!
Thank you!
Best regards,
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