Archive for Tag: Australia’s economy

Australia stocks

Australia stocks lower at close of trade; S&P/ASX 200 down 0.63%

S&P/ASX 200 is trading down 0.63% at 7442.80 Australia stocks were lower after the close on Thursday, as losses in the IT, Consumer Discretionary and Energy sectors led shares lower. At the close in Sydney, the S&P/ASX 200 lost 0.63%. The best performers of the session on the S&P/ASX...

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Forex Market Outlook

Forex Market Outlook – Aussie rises on strong GDP

AUD/USD is trading up 0.04% at 0.7276 Australia’s economy rebounded in the fourth quarter, with a gain of 3.4% QoQ, just shy of the consensus of 3.5%. This is an impressive turnaround from Q3, which came in at -1.9%. The primary driver of the robust reading was consumer spending,...

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