SYDNEY - Australia’s top central banker sounded sanguine about a sharp slowdown in the country’s property market on Wednesday saying it was unlikely to derail momentum even as data showed the $1.3 trillion economy hit an airpocket last quarter.
The dismal figures sent the Australian dollar to a two-month trough of $0.7029 as investors wagered the Reserve Bank of Australia would ease policy to stimulate the economy. Australia’s top investment bank Macquarie also revised its rate outlook to two cuts this year from no change previously, as did JPMorgan.
A revival in business investment, strong government spending, higher commodity prices and a still robust jobs market are among reasons for the RBA’s optimism.
Turkey:'The amazing backwardness'
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Stocks under pressure | Trump cuts summit short | GDP data setStock futures are pointing to another lower Wall Street open, following a mixed Wednesday session. TrumpFail The media is so funny. After all the leftist media piles on trump would one think that Kimmy might think trump will be gone shortly and he can go back to building and testing nukes with the next president who most likely will be weak.
Source: CNBC - 🏆 12. / 72 Read more »
Stocks little changed despite stronger-than-expected GDPStocks were little changed at Thursday's open as stronger-than-expected economic data were offset by talks between President Donald Trump and North Korean leader Kim Jong Un falling through. It’s amazing how you’re still trying to connect real world events with financial markets performance. Global depression in December and best time ever since then? No deal is better than a bad deal..... too bad feckless Obama did not think the same way All of the Mainstream media was hoping Trump would cave. Today they make the best of their sincere disappointment.
Source: CNBC - 🏆 12. / 72 Read more »
Fourth-quarter GDP growth hits 2.6 percent, beating estimatesUS economy slowed less than expected in the fourth quarter amid solid consumer and business spending, leaving 2018 growth just shy of the Trump admin.'s 3% annual target. Can we really believe the numbers that come out of this administration? The Commerce Department's Bureau of Economic Analysis measured 2018 growth at 2.9 percent, matching the peak Obama enjoyed in 2015. Making America great again. Not! It was the coattails of Obama’s legacy. Again!
Source: NBCNews - 🏆 10. / 86 Read more »
Fourth-quarter GDP increases 2.6%, better than expectedEconomists surveyed by Dow Jones expected a gain of 2.2 percent after a 3.4 percent rise in the third quarter. I would never cheer against our economy, but we DO need to be cautious and develop wise, long term policies. But they are working on a China trade deal!
Source: CNBC - 🏆 12. / 72 Read more »
Stocks retreat after failed Trump-Kim summit; GDP data better than expectedU.S. stocks fall Thursday morning but are off pre-market lows after a reading of fourth-quarter GDP came in better than expected. Not so fast, it wasn't a failed Trump-Kim summit. President Trump obtained a lot of useful information from Kim. President Trump is a confident decision maker. Not only is he building rapport it's honing in on the details. He holds the high ground and a treaty is being formed.
Source: MarketWatch - 🏆 3. / 97 Read more »
U.S. Growth Slows As GDP Hits 2.6%, Markets SlipThe last quarter of 2018 was boosted by consumer spending, nonresidential fixed investment, exports, private inventory investment and federal government spending Thanks Mr Trump for the great economy!!
Source: Forbes - 🏆 394. / 53 Read more »
Economy slows to 2.6% in fourth quarter, GDP shows, but it still shows lots of muscleA slumping housing market and bigger trade deficit softened up the economy in the final three months of 2018 after a torrid spell of growth last spring and summer, but consumers and businesses still showed plenty of resilience. GDP grew 2.6% in the fourth quarter and 2.9% for all of 2018.
Source: MarketWatch - 🏆 3. / 97 Read more »
It’s Official: India’s Economy Did Better Under Modi, If You Trust the GDPThe latest rosy economic growth figures give Indian Prime Minister Narendra Modi a potentially powerful weapon as he looks to get re-elected in the spring. avidandiya sir ji ye toh definitely retweet banta hai Not bikau Indian media. Not trustworthy
Source: WSJ - 🏆 98. / 63 Read more »
Dow, S&P 500 set for 3-day skid as Wall Street awaits fourth-quarter GDPU.S. stock-index futures on Thursday head lower after President Donald Trump said talks with North Korean leader Kim Jong Un aimed at reducing that communist country’s nuclear weapons broke down abruptly.
Source: MarketWatch - 🏆 3. / 97 Read more »
Trump-Kim summit fizzles; AB InBev surges; US GDPToday’s top business headlines with ChristineRomans before the opening bell on Wall Street: ChristineRomans El que se pospusieran los aranceles a China, es un buen comienzo para los mercados.
Source: CNN - 🏆 4. / 95 Read more »