Australian Bureau of Statistics releases first-quarter inflation report in Sydney Wednesday. CPI unchanged Q/Q vs est. 0.2% gain. Weighted median CPI rose 0.1% Q/Q vs est. 0.4% gain. Trimmed mean CPI advances 1.6% Y/Y vs est. 1.7% gain. CPI climbs 1.3% Y/Y vs est. 1.5% gain. Weighted median CPI increases 1.2% Y/Y vs est. 1.6% gain AUD trades at 70.51 U.S. cents in Sydney from 70.92 cents pre-data Oil prices stormed back in the first quarter, recovering from worries about a global oversupply that pushed crude into a nosedive to end 2018 Australia™s central bank generally focuses on core...

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RECENT NEWS

According to the data published by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development, housing starts in March declined by 0.3% and came below the market expectation for a growth of 6.5%. Nevertheless, the US Dollar Index didn't show a reaction with the trading volume remaining thin amid the Easter holiday. Privatelyowned housing units authorized by building...

U.S. retail sales jumped by the most since September 2017 as gains in motor vehicles and gasoline stations boosted sales, signaling consumers are giving the economy greater support. The value of overall sales in March rose 1.6 percent after an unrevised 0.2 percent decrease the prior month, according to Commerce Department figures released Thursday. That exceeded all forecasts in...

U.K. retail sales unexpectedly increased for a third consecutive month in March, underlying the resilience of consumers in the face of Brexit uncertainty. The volume of goods sold in stores and online jumped 1.1 percent from February, the Office for National Statistics said Thursday. Sales excluding auto fuel increased 1.2 percent. Both measures had been expected to...

The Aussie jobs data has arrived and it has helped the Aussie higher on inline Unemployment Rate and no major changes - Full Time Employment Change was also a big beat. Fulltime Employment (Mar)  48.3K vs  prior - 7.3k Employment Change s.a. (Mar) 15k  vs exp 12.0k and prior 4.6 k (10.7k rev) Part-Time Employment (Mar) - 22.6k  vs prior 11.95 Unemployment Rate s.a. (Mar)...

U.K. inflation unexpectedly stayed below target last month as higher fuel prices were offset by the cost of food and computer games. Annual consumer-price growth remained at 1.9 percent, its third month below the Bank of Englands 2 percent goal, the Office for National Statistics said Wednesday. Core inflation held at 1.8 percent. The figures leave prices rising much more slowly than wages,...

China's YoY GDP figures for the first quarter of 2019 came at +6.4% vs. +6.3% exp and +6.4% previous, with the QoQ reading for Q1 coming in at +1.4% vs. +1.4% exp and +1.5% last. With regards to retail sales YoY, the number arrived at +8.7% vs. +8.4% exp and +8.2% last, with industrial output YoY at +8.5% and +5.9% exp and +5.3% last. Meanwhile, urban investment YoY stood at +6.3% vs. +6.3%...

The U.K. labor market continued its impressive performance in the three months through February as employment jumped and wage growth far outpaced inflation. The number of people in work rose by 179,000 to a record high, keeping unemployment at 3.9 percent, the lowest rate since 1975, the Office for National Statistics said on Tuesday. Basic wages rose 3.4 percent from a year earlier,...

China's exports rebounded in March but imports shrank for a fourth straight month and at a sharper pace, painting a mixed picture of the economy as trade talks with the United States reach their endgame. Investors are hoping for signs of economic recovery in China to temper worries about slowing global growth, after the IMF this week downgraded its 2019 world outlook for the third time. But...

ASIA
Japan's Wage Gains Accelerate in November Despite Gloomy Outlook
Wednesday, 9 January 2019 07:18 WIB Japanese wages rose more than expected in November, offering hope of stronger consumer spending that could fuel inflation if gains are...
UNITED STATES
Asian markets closed for holiday
Monday, 31 December 2018 09:15 WIB Financial markets in Indonesia, Japan, the Philippines and South Korea are closed on Monday for a public holiday. AFP
EUROPE
U.K. Wages Grow at Fastest Pace Since 2008 in Tight Labor Market
Tuesday, 22 January 2019 17:09 WIB Britons are enjoying the strongest wage growth since the financial crisis a decade ago as the labor market tightens. Average earnings excluding...
GLOBAL ECONOMY
Trump Says China Will `Reduce and Remove' Car Import Tariffs
Monday, 3 December 2018 12:08 WIB U.S. President Donald Trump said China has agreed to œreduce and remove tariffs on American cars from 40 percent currently. He gave...

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