Australians expected to save rather than spend

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/AFP
Gail Kelly, CEO of Westpac Banking Corp, claimed the additional money gained coming from central bank's interest rate cut most likely will be used either to increase savings or to repay loans. She indicated that Australian consumers currently are very cautions towards extra spending. Kelly suggested the Reserve Bank of Australia should apply further repo reduction. According to her, Australia economy will experience growth when consumers and businesses regain confidence.

Back to articles

Actual Topics

Mon, 07 Nov 2011 16:26:47 GMT

Treasure notes gain recognition among investors

Demand for short-term bonds has been increasing rapidly as investors remain cautious regarding Eurozone debt turmoil. Traders have submitted $748.5 bn in offers for the $54.4 bn of  short term assets maturing 2012 - 2014. 13.8 to 1 ratio beats the typical 3-to-1 offer. The bids indicate that the Federal Reserve borrowing rate may remain at record low.

Mon, 07 Nov 2011 13:42:02 GMT

Berlusconi majority to fail

Italian PM Berlusconi's majority is collapsing ahead of government vote tomorrow as allies pressure him to step down. During past few days nine premier's affiliates have quitted.  According to Giuliano Ferrara, newspaper Il Foglio editor, Berlusconi may resign within hours. Roberto Maroni, Interior Minister claims PM's majority most likely to be unravelled. Maroni supports early elections.

Subscribe to "Fundamental Analysis" feed

Souscrire
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.