360° Coverage : Australian business confidence improves

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Australian business confidence improves
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Australian business confidence improves

Feb 12 2013, 2:28am CST | by

Sydney, Feb 12 (IANS) Australian business confidence was broadly steady in January after recovering strongly in December from very poor levels, a private survey released on Tuesday by National Australia Bank (NAB) showed.

Sydney, Feb 12 — Australian business confidence was broadly steady in January after recovering strongly in December from very poor levels, a private survey released on Tuesday by National Australia...

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1 year ago

Australian business confidence improves

Feb 12 2013, 2:28am CST | by

Sydney, Feb 12 (IANS) Australian business confidence was broadly steady in January after recovering strongly in December from very poor levels, a private survey released on Tuesday by National Australia Bank (NAB) showed.

Sydney, Feb 12 — Australian business confidence was broadly steady in January after recovering strongly in December from very poor levels, a private survey released on Tuesday by National Australia Bank (NAB) showed.

NAB's monthly business survey showed business confidence rose one point to an index level of plus three points in January, reported Xinhua.

However, business condition remained in negative territory in the month despite improving three index points to minus two.

The bank said the confidence recovery was mainly helped by the rally in global equity markets and generally better activity in China, as well as recent rate cuts from the Reserve Bank of Australia (RBA).

"However confidence remains below long-run average levels," NAB said in its report.

"Business conditions were generally better across interest sensitive industries in January, but fell heavily in mining."

NAB says it still sees the need for the RBA to cut the cash rate by 75 basis points in 2013.

IANS

Source: IANS

 
Update
11

4 hours ago

$A fall a positive for businesses

Sep 15 2014 2:32am CDT | Source: NEWS.com.au

THE Aussie dollar has dipped under 90 US cents, and further falls would be positive for the economy and welcomed by the ...
Source: NEWS.com.au   Full article at: NEWS.com.au
 

 
Update
10

1 week ago

US Dollar Looks to ISM Manufacturing Data to Fuel Continued Gains

Sep 3 2014 1:07am CDT | Source: Forex News

Talking Points: US Dollar May Extend Advance if ISM Manufacturing Data Tops Forecasts Australian Dollar Ignores RBA Announcement with Fed Policy Bets in Focus See Economic Releases Directly on Your Charts with the DailyFX News App A relatively quiet economic calendar in European trading hours is likely to see traders looking ahead to US news-flow, where the spotlight will fall on Augusts’ ISM Manufacturin ...
Source: Forex News   Full article at: Forex News
 

 
Update
9

1 week ago

Australian Dollar Confronts an RBA Decision with Heavy Speculation

Sep 2 2014 1:09am CDT | Source: Forex News

Talking Points: Dollar Traders Look Ahead to a Rebound in Liquidity and Pick Up in Data Euro Economic Health Fades Further, Investors More Expectant of ECB Australian Dollar Confronts an RBA Decision with Heavy Speculation Dollar Traders Look Ahead to a Rebound in Liquidity and Pick Up in Data As far as holiday trading conditions go, Monday’s turnover was exceptionally light for the majors – as expected. Yet, despite the anticipated drain, a number of the dollar-based ...
Source: Forex News   Full article at: Forex News
 

 
Update
8

3 weeks ago

Will BoE Dissent Change Pounds Direction?

Aug 20 2014 6:27am CDT | Source: SeekingAlpha

By Dean Popplewell: By Dean Popplewell Currently, the central banker remains at the "core" for most of the forex moves. Governor Stevens at the RBA is trying hard to jawbone his own currency, the Aussie dollar, lower. The "chameleon" Governor Carney at the BoE seems to be confusing investors with some hawkish weekend copy, combined with dovish comments delivered last week, is complicating the pound's direction this week. Thrown into t ...
Source: SeekingAlpha   Full article at: SeekingAlpha
 

 
Update
7

4 weeks ago

Things Aren't Looking Good In Australia

Aug 12 2014 7:33pm CDT | Source: Business Insider

All's not well in Australia. Riding on the back of a mining boom, Australia escaped the worst of the financial recession relatively unscathed. But as the Chinese economy slowed and the commodity boom wound down Australia's economy began to falter.  Now, unemployment is at a 12-year high of 6.4%, compared with a low of 4% in 2008. Some were quick to point out that headline number didn't tell the complete story. "The jump in the unemployment ra ...
Source: Business Insider   Full article at: Business Insider
 

 
Update
5

4 weeks ago

AUD/USD - Stable As Australian Business Confidence Data Shines

Aug 12 2014 5:11pm CDT | Source: SeekingAlpha

By Dean Popplewell: By Kenny Fisher AUD/USD is steady on Tuesday, as the pair continues to trade in the mid-0.92 range. On the release front, Australian NAB Business Confidence jumped to 11 points last month. HPI beat the estimate, posting a gain of 1.8%. In the US, JOLTS Job Openings improved to 4.67 million, but fell short of the estimate.Australian data started the week in fine form. NAB Busine ...
Source: SeekingAlpha   Full article at: SeekingAlpha
 

 
Update
4

4 weeks ago

AUD/USD - Aussie Firm Ahead Of Business Confidence

Aug 11 2014 4:03pm CDT | Source: SeekingAlpha

By Dean Popplewell: By Kenny Fisher AUD/USD is steady on Monday, as the pair trades in the mid-0.92 range. On the release front, it's a very quiet start to the week, with no data out of Australia or the US. Today's sole event is a speech from Federal Reserve Governor Stanley Fischer, who spoke at a conference in Stockholm. Things get busy early Tuesday, with Australia releasing business confidence and inflation da ...
Source: SeekingAlpha   Full article at: SeekingAlpha
 

 
Update
3

5 weeks ago

Don't Expect A Rate Reduction From The Reserve Bank Of Australia

Aug 8 2014 5:43pm CDT | Source: SeekingAlpha

By Hale Stewart: Australia's economy is in a very interesting place. Thanks to China's rapid growth - which has provided a vast and growing market for Australia's natural resources - the Aussies have experienced a very long period of solid economic growth. But the Australian economy has been feeling the negative impact of China's slow move towards a more consumer-led economy in the form of decreased natural resource investment and overall activity. As a result, pa ...
Source: SeekingAlpha   Full article at: SeekingAlpha
 

 
Update
2

5 weeks ago

AUD/USD - Aussie Stable After Downbeat RBA Minutes

Aug 8 2014 12:21pm CDT | Source: SeekingAlpha

By Dean Popplewell: By Kenny Fisher AUD/USD has steadied on Friday, after sustaining sharp losses a day earlier. In Friday's European session, the pair is trading in the high-0.92 range. On the release front, RBA released its quarterly Monetary Policy Statement. Australian Home Loans posted a weak gain of 0.2% last month, well short of expectations. In the US, there are no major events on the schedule. The RBA released its monetary policy statement on Friday, ...
Source: SeekingAlpha   Full article at: SeekingAlpha
 

 
Update
1

5 weeks ago

Euro Looks to Draghi Press Conference for Stimulus Expansion Clues

Aug 8 2014 1:10am CDT | Source: Forex News

Talking Points: Euro Looks to ECB President Draghi’s Presser for Stimulus Expansion Clues Bank of England Rate Decision Likely to be a Non-Event for the British Pound Australian Dollar Fell After Soft Jobs Data Undermined RBA Rate Hike Bets A monetary policy announcement from the European Central Bank headlines the calendar in European hours. The addition of anything new into the policy mix seems unlikely after the central bank introduced a slew of additional measures to boost lending ...
Source: Forex News   Full article at: Forex News
 

 

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<a href="/latest_stories/all/all/8" rel="author">Luigi Lugmayr</a>
Luigi is the founding Chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.

 

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