Westpac's recent survey and index research continues to give support to our view that interest rates have peaked but are likely to remain on hold in 2008. The Westpac-ACCI Survey of Industrial Trends has been released today. The survey shows
The index of Leading Economic Indicators (LEI) slipped 0.3 percent in February led lower by declining consumer sentiment and increasing unemployment claims. This is the fifth consecutive month of declines for the LEI, suggesting a slowdown that is consistent with
In March, the German ifo business climate index might have suffered a setback, after having improved unexpectedly in February. The German ZEW economic sentiment has recovered, but the US ISM manufacturing index and the German yield spread have both deteriorated,
Personal income could have risen by 0.3% mom again in February, as average hourly earnings also went up at that rate, but aggregate weekly hours decreased slightly. Given that retail sales fell markedly by 0.6% mom, we forecast that personal
MPC unsure about what to do... What is the MPC to make of what is going on? It has seen a widening of interbank interest rate spreads in the last month, increased volatility in equity and foreign exchange rate markets
Canadian Retail Sales - January Release Date: March 25/08 December Result: total +0.6%; ex-autos -0.4% TD Forecast: total +2.0%; ex-autos +0.6% Consensus: total +0.9%; ex-autos +0.5% We're expecting to see a big improvement in Canadian retail sales in January, with
Commodities have enjoyed unprecedented gains over the past few months, as WTI crude oil futures hit an all-time high of $111.80/bbl while gold futures on the NYMEX surged to a record of $1,033.90/oz early in the week. However, commodity prices
Why the Dollar Could Resume Its Slide British Pound Soars on Surprisingly Strong Retail Sales Report Is the Euro Rally Over? The Euro plunged over 250 pips today, leaving many traders wondering whether the currency's rally has officially come to
The greenback advanced against the euro and commodity currencies on Thursday. The dollar also benefited as investors pared some heavy bets against the currency ahead of the Easter holiday. The dollar block currencies fell as massive commodity deleveraging continued for
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The USD continued to recover as commodity markets posted further sharp declines, with the CRB Index of 19 commodities posting its largest weekly loss since 1956. Gold fell another $34 to $910/oz and oil lost a little over $1 to
Uncertainty continued to rattle markets early this week as they struggled to absorb more credit turbulence. The week began a day early on Sunday with the Federal Reserve cutting the Discount Rate by 25 basis points to 3.25% in a
AccountancyAge.com, Accountancy Age, Thursday 20 March2008 at 00:00:00Vantis has sealed a deal with Brewer Higgins to buy the non-auditbusinessVantis, the professional services and accountancy group, has signed a dealto acquire the non-audit business Brewer Higgins, an established generalpractice firm based
AccountancyAge.com, Accountancy Age, Thursday 20 March2008 at 00:00:00IASB defends the use of 'fair value' accounting against attacks frombankers and insurersThe International Accounting Standards Board has defended the use of 'fairvalue' accounting against attacks from bankers and insurers who face heavywritedowns
The US dollar advanced as profit-taking accelerating in the commodities market, and caused the greenback to rally against most of the major currencies. The US dollar took the biggest bite out of the Australian dollar as gold prices plunged to
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