Australia leading index rises in July

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Source: RTTNews
Australia's leading economic indicator extended advance in July, while its rate of rise stayed lower than its long-term trend signing that the economy is unlikely to outperform trend in the foreseen future. The annualized increase of the leading index was 2.2%, lower than the long-term trend of 2.7%, Westpac reported on Wednesday. Meanwhile, annualized expansion rate of coincident index was 2.8%.
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Wed, 19 Sep 2012 08:36:07 GMT

Palladium dipped on bleak demand prospects

Precious metals were mixed on Tuesday, with gold and silver rebounding and palladium and platinum tumbling. Strong US Dollar, profit taking and fading boost from the US stimulus measures all created heavy selling pressure on the commodity group. Gold advanced despite appreciation in US Dollar amid upbeat current account data. Meanwhile, traders locked in profits after previous rally of the yellow

Wed, 19 Sep 2012 06:30:06 GMT

New Zealand current account deficit widens in Q2

New Zealand' current account posted a shortfall of NZ$1.797 billion in Q2 of the year, Statistics New Zealand reported on Wednesday. Economists had forecast a deficit of NZ$1.620 billion, while the upwardly revised deficit for the first quarter was at NZ$1.072. Significant expansion of the shortfall was due to increase in earnings of foreign-owned banks in New Zealand.

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