Scoop has an Ethical Paywall
Work smarter with a Pro licence Learn More

Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

HiFX Morning Update – September 5 2015

HiFX Morning Update – September 5 2015


The NZDUSD opens at 0.6395 (mid-rate) this morning.

Yesterday Australia posted a seasonally adjustedmerchandise trade deficit of A$2.46 billion in July – a 19% increase on June. Retail sales in Australia were down a seasonally adjusted 0.1% in July, well shy of forecasts for an increase of 0.4%.

First-time claims for U.S. unemployment benefits rose more than expected in the week ended August 29th. Initial jobless claims climbed to 282,000, an increase of 12,000 from the previous week's revised level of 270,000.

The US Trade Deficit was notably narrower in the month of July coming in at USD 41.9 billion. This was down from a revised USD45.2 billion in June. The deficit was the smallest since February.

Investors will now shift their focus to the release of the U.S. Employment report (Non Farm Employment Change & Unemployment Rate) for August, released tonight. The result may prove crucial to the Federal Reserve's decision on interest rates in September.

The European Central Bank left its interest rates unchangedovernight as recent data suggests that economic recovery is continuing, albeit at a sluggish pace, while lower oil prices, stronger euro and the Chinese slowdown pose risks to the outlook.

The ECB said it was ready to extend its quantitative easing programme beyond the September 2016 deadline, if needed.

British services sector expanded at its weakest rate in over two years, casting doubt about sustainability of economic growth into third quarter.

Global equity markets are higher except China & Hong Kong : Dow +0.24%, S&P 500 +0.19%, FTSE +1.82%, DAX +2.68%, CAC +2.17%, Nikkei +0.48%, Shanghai -0.20%, Hang Seng -1.2%

Gold prices are down $8 trading at $1125 an ounce, WTI Crude Oil has gained 1.3% currently trading at $46.78 a barrel.

ends

Advertisement - scroll to continue reading

Are you getting our free newsletter?

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 
GenPro: General Practices Begin Issuing Clause 14 Notices

GenPro has been copied into a rising number of Clause 14 notices issued since the NZNO lodged its Primary Practice Pay Equity Claim against General Practice employers in December 2023.More

SPADA: Screen Industry Unites For Streaming Platform Regulation & Intellectual Property Protections

In an unprecedented international collaboration, representatives of screen producing organisations from around the world have released a joint statement.More

 
 
 
 
 
 
 
 
 
 
 
 

Join Our Free Newsletter

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.