Australia holds rates as RBA plays long game on economy's growth
10:57, Jun 7, 2017
Copyright 2015 All rights reserved. This material can't be published, transferred, copied or redistributed.
Up to now, economists expected the RBA to hold or raise rates throughout the coming year but now markets are not ruling out further easing from the central bank, especially after the latest construction and wage growth data.
The central bank is considered nearly certain to hold rates at a record low of 1.5 percent, as it balances the risk of fuelling further borrowing in the country's home market against tepid inflation. It cited a stabilisation in mining investment after years of steep falls, a rebound in the price of Australia's top exports of iron ore and coal, and the country's biggest home-building boom.
Signs of a slump in household spending have raised fears the economy started into 2017 with a whimper, while figures published on Tuesday showed that a decline in export volumes - despite higher global prices for commodities - may have wiped 0.7 percentage points from GDP growth in the first quarter.
According to Prashant Newnaha, rates strategist at TD, not only is the RBA 99.9% certain to keep the cash rate steady at 1.50%, there's a 95% probability that the bank will deliver a neutral policy statement, largely mirroring what was communicated in the previous statement.
The RBA described the job market as "mixed" with stronger employment growth offset by softness in hours worked and high levels of underemployment.
An expansion of 0.1 per cent would drag the annual rate down to 1.4 per cent, the slowest pace since the September quarter of 2009 and a marked step down from the 2.4 per cent rate as of December 2016.
China is pushing for global recognition of the C919, which does not yet have certification from European and US regulators. She said Beijing will uphold the outcome of the Paris Agreement and its implementation.
The powerful explosion rocked the neighbourhood, which is considered the city's safest, during the peak of morning rush hour. There are about 8,400 USA troops in Afghanistan - a majority of them are involved in training and advising Afghan troops.
By some calculations it was convenient for them to release this information, so they released it, citing Russian Federation . Blunt says "let's find out what happened and bring this to a conclusion". "But I frankly think we need to hear Mr.
It dived, as 28 investors sold COR shares while 68 reduced holdings. 73 funds opened positions while 206 raised stakes. In terms of Buy, Sell or Hold recommendations, Kimco Realty Corp (NYSE:KIM) has analysts' mean recommendation of 2.3.
The House proposal also repeals a sales tax on certain manufacturing machinery and would create new business-related tax breaks. In his tweet , Trump didn't differentiate between tax cuts and a broader tax reform package.
Ryan Johansen didn't play for the Predators because of a thigh injury that is side lining him for the rest of the postseason. The Predators pounced on the opportunity when Colin Wilson scored his second goal of the post season to tie it up at 1-1.
Of Trump's approximately 31 million Twitter followers, Twitter Audit concluded that 15,910,994 are real and 15,044,248 are fake. He has forged a career out of social media and the internet and said he recognizes follower buying as common practice.
The Greens pressured the soon-to-be government on the exact terms of their commitment to send the project for review, Weaver said. With no party holding a clear balance of power, the question becomes who the Green Party will throw its support behind.
Penguins beat Predators 4-1, take 2-0 lead
The Nashville Predators came out flying in the first period, and it looked like Nashville would take game-one over Pittsburgh . Though face-offs haven't been a strength for the Penguins all season, they'll be looking to improve that mark in Game 3.
If you scan documents, you need this new Adobe app
Those of you who want to try it out can visit the Google Play Store by clicking the button below to download it your device. You can do documents and forms, of course, but it'll also scan notes, business cards, pictures, and big ol' whiteboards.
White House official: Trump plans to pull U.S. from Paris deal
Economists say that leaving the Paris deal and easing efforts to control emissions would hardly deliver a big payoff in jobs. Quitting the Paris accord may not resonate with members of Trump's Republican Party as much as his administration expects.
Voters Want Trump Impeached But Don't Know Why
Alderman Ameya Pawar of Chicago had also drafted a city council ordinance calling for Trump's impeachment. The petition concludes: " Donald Trump needs to resign as President of the United States".
Apple may announce Siri smart speaker at WWDC next week
Apple's answer to the Amazon Echo lineup and Google Home has advanced to the manufacturing stage , according to Bloomberg . Bloomberg's recent report said the device will have an engraving that will say: "Designed by Apple in California".
Gianforte Wins Montana Vote Despite 'Body Slam' Charge
Montana has traditionally been a "Red State" in presidential elections, but it's not impossible for Democrats to win in the state. Jacobs, a reporter from The Guardian , was grilling Gianforte about the Republican health care bill.
Theresa May, Jeremy Corbyn to face questions on live TV
She was more confident on Brexit , winning applause when she repeated that no deal was better than a bad deal on leaving the EU. He said he described the death of Osama Bin Laden as a "tragedy" because he wanted him to be arrested and put on trial.