11 Updates
Australian business confidence improves
Photo Credit: ROSLAN RAHMAN, Getty Images

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

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1 week ago

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4 weeks ago

Foreign demand ‘added to property price rises’

Jun 18 2014 9:28pm CDT | Source: The Australian

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Talking Points: British Pound May Give Back Some Recent Gains if CPI Data Disappoints Upbeat US Inflation Data May Help US Dollar Correct Higher Pre-FOMC Aussie Dollar Fell as Minutes from June RBA Meeting Struck Dovish Tone UK inflation data headlines the economic calendar in European hours. The headline year-on-year CPI growth rate is expected to tick lower to 1.7 percent in May. A print in line with expectations would fall in line with the three-month trend average, offering relati ...
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5 weeks ago

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5 weeks ago

Interest rates to hold steady, says RBA

Jun 16 2014 8:38pm CDT | Source: The Australian

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BORROWERS can rest assured that interest rates won’t be going anywhere in the foreseeable future, the RBA’s lates ...
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5 weeks ago

Janet Yellen, FOMC and UK, EU and Canada Inflation: What to Look Out For

Jun 14 2014 6:21am CDT | Source: IBTimes UK

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5 weeks ago

Top Trade Idea For June 11th, 2014 – AUD/USD

Jun 11 2014 9:56am CDT | Source: Forex News

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Heading into tomorrow’s Asian session, most traders will be focused on the RBNZ’s interest rate decision and its impact on the New Zealand dollar. However, the AUD/USD has been quietly rallying for the past seven days and a developing technical pattern suggests that the Aussie may steal the Kiwi’s spotlight in the latter half of this week. Tackling the economic outlook first, data from Australia, as well as major tr ...
Source: Forex News   Full article at: Forex News
 

 
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1

5 weeks ago

Top Trade Idea For June 11th, 2014 – AUD/USD

Jun 11 2014 9:33am CDT | Source: Forex News

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Heading into tomorrow’s Asian session, most traders will be focused on the RBNZ’s interest rate decision and its impact on the New Zealand dollar. However, the AUD/USD has been quietly rallying for the past seven days and a developing technical pattern suggests that the Aussie may steal the Kiwi’s spotlight in the latter half of this week. Tackling the economic outlook first, data from Australia, as well as major trading partner China, has been generally strong, including a large improvemen ...
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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