Bonds/Interest Rates

The RBA was never going to change last month’s rate, but a surge in April retail sales and a plunge in building approvals did surprise economists.

The RBA surprised no one when it kept its cash rate at 4.5% this afternoon.

With net credit demand in Australia beginning to ease, the Big Four banks are jostling for position among the various market segments.

A snapshot of economist responses to today’s wealth of first quarter industry numbers along with April lending data.

Headline inflation in Australia jumped by 0.5% in May according to TD Securities, but we can blame the tobacco tax.

Barclays Capital note June tends to be a mixed month across all asset classes, a trend it expects will continue this year.

It only needed China to deny it was looking to dump the euro to release pent up buying demand last night. Dow up 284. Aussie surges three cents.

A snapshot of economist responses to today’s lower than expected March quarter capex data for Australia.

Wall Street opened stronger last night, but ultimately closed lower, as the rumour mill churned and the euro pushed toward previous lows. Dow down 69.

The Dow opened down nearly 300 points as Korea entered the mix before a rolling wave of buying took the average back to only down 22, and the S&P into the green.