Retail sales in Australia add 0.4% in July

Source: The Wall Street Journal
Volume of retail sales in Australia advanced 0.4% in July of the current year on a monthly basis, as the result matched analysts' expectations. It followed an increase of 0.6% in June. Consumer confidence level in the country is rebounding moderately, as it has declined sharply after budget spending cuts and tax rises for the 2014-15 financial year were announced by the Government in May.
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Thu, 04 Sep 2014 08:13:04 GMT

Australian trade balance improves on iron ore exports

Negative trade balance in Australia decreased to A$1.359 billion in July of this year, as experts predicted the indicator to reach A$1.75 billion after A$1.564 billion in June. The data revealed a 1% increase in exports, while the largest part was contributed by iron ore deliveries' growth of 3.6% to other countries. Analysts are waiting for the improvement to continue

Thu, 04 Sep 2014 07:27:04 GMT

Bank of Japan refuses to change monetary policy stance

The Bank of Japan decided to implement no changes to its monetary policy course, while economists expected the stimulus to be widened amid slowing economic growth in the country. Asset purchases remained on the previous level of 60-70 trillion yen. Moreover, the BoJ inflation target of 2% still has to be reached by 2016, as the regulated denied to make

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