Australian export prices drop in Q4

Source: RTT News
Australian export prices declined in the last quarter of 2013 in comparison to the prior quarter and the prices decreased at a faster rate than originally expected, a report published by the National Bureau of Statistics showed on Thursday. Australia's export prices fell 0.5% in the Q4 after they climbed 4.2% in the Q3, while the prices were forecast to fell only by 0.2%

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Thu, 30 Jan 2014 09:15:04 GMT

China's PMI contracts in January

Manufacturing activity in the world's second largest economy came in a contraction in the first month of 2014, the latest data published by the HSBC Bank and Markit Economics showed on Thursday. The country's purchasing managers' index recorded 49.5 in January falling from December's 50.5, while the score below 50 signals contraction in the sector.

Thu, 30 Jan 2014 08:53:06 GMT

Fed scales back further after 2-day policy meeting

The U.S. Federal Reserve announced on Wednesday it will reduce its massive bond purchases further as originally expected after the economy showed some favourable results, the Fed published in a statement from its two-day policy meeting yesterday. Fed reduces the stimulus by $10 billion a month totaling $65 billion of bond purchases a month.

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