Economy Of Australia Jan 2015 Essay

Submitted By harnoor_101

Words: 457

Pages: 2

Open Document

Australian dollar surges as core inflation surprises: ● Headline inflation dipped below 2 per cent for the time in 18 months in the fourth quarter last year, although core inflation was stronger than expected.
● The Australian Bureau of Statistics said on
Wednesday the consumer price index grew just 0.2 per cent quarteronquarter, leaving inflation for the year at 1.7 per cent.
● in Australia: average unleaded petrol prices reached a low of $1.17 per litre in December 2014, the lowest recorded average daily price since February 2009."

OPEC says oil may have hit bottom: ● March Brent crude rose US17¢ to $US48.33 a barrel, after settling down 1.3 per cent on Monday.
● Oil prices have lost nearly 60 per cent in value since last peaking in June 2014, in a rout fuelled by ample global supplies from the US shale oil boom and a decision by OPEC to keep its production quotas unchanged. Markets Live: $A jumps on CPI surprise:
Inflation
● The dollar has jumped on the back of higher than expected core inflation, while the stock market slipped slightly, as the chances of another RBA rate cut drop.
● Australia: inflation is holding at the low end of the
Reserve Bank’s target 23%.
● It is pretty clear that inflation is not a threat to the domestic economy
, meaning that the Reserve Bank can comfortably keep interest rates at exceptionally low levels over the medium term.
● The tradeable component of the CPI result fell by
0.6% in the December quarter.

Shares: Crown is rallying
● Shares are up 8 per cent at $13.75
,
following yesterday's 4.3 per cent rise.
● gross gaming revenue rose 6 per cent for the week ending January 25, according to
Bank of America.
● The stock has also been upgraded to a
'conviction buy' at Goldman Sachs
, with a price target of $17.50.

Loans data shows Australia's housing boom
is

Week11 Lecture Essay

Recession) by amending our models for financial frictions Economics 2102 Week 11 2 1. Prelmiinary ◦ Credit relationships play an integral part in modern economies and are interdependent E.g trade credit, inter-bank lending, bank commercial lending, mortgage lending, bond markets ◦ When credit markets, the ‘financial economy’, seize up, the real economy is affected. ◦ In 2008, credit markets in the United States unravelled, very quickly, primarily due to bad lending by many banks relying on securitized…

Words 1430 - Pages 6

343 Report Essay

Umbrella Pty Ltd, based in Adelaide, South Australia is a company that manufactured outdoor activities related consumer retail product. This company was registered since February 2009 (Creditor Watch Express). According to the Intellectual Property in Australia website, Sunscreen Umbrella Pty LTd currently has 1 trademark associated with it, which is the Cricket Cooler; it is the only product that successfully captured the attention of local market in Australia back in August 2014. It has successfully…

Words 1855 - Pages 8

State Pension should not be Abolish Essay

whether can they rely on state funds pension or they have to manage our own pension funds scheme (Great Britain, 2012). According to The Australian Financial Review (2015), age pension in Australia costs $42 billion a year, this number is equal to 10 per cent of all government expenditure. It is growing much faster than the economy and taking an increasing share of government spending. Some people might think that government should not spend all of those money, which is earn from working population…

Words 2097 - Pages 9

REITS And STOCKS Essay

summaries and/or results II. 5 REITs Medical Properties Trust Medical Properties Trust, Inc. is a different kind of real estate investment trust - by design. MPT has carved a unique niche in the largest and fastest-growing segment of the U.S. economy. Unlike other real estate investment trusts - even those categorized as healthcare REITs - MPT focuses exclusively on providing capital to acute care facilities of all kinds through long-term triple-net leases. And, unlike other sources of capital…

Words 2892 - Pages 12

Lecture Notes Mar 31st Arbitrage In Currency Markets Essay

IRGN 403: International Economics Thomas Baranga IR/PS Spring 2015 1 International Linkages Between Economies First 5 Weeks: Macroeconomic Linkages - Financial Flows Determination of the exchange rate Effects of the international on the domestic macroeconomy The choice of exchange rate regime Second 5 Weeks: Microeconomic Linkages - Physical Trade Trade in Goods Migration Foreign Direct Investment Trade Policy Course Logistics Textbook International Economics, Feenstra and Taylor (3rd ed,…

Words 3588 - Pages 15

Essay on auditing case study--Virgin Australia

Executive Summary This report analyses Virgin Australia (ASX code VAH) and identifies its potential business and audit risks that will need to be addressed in the 2014 audit. It is presented to the Virgin Australia Audit Committee as part of the 2014 Audit planning process. The first part of this report provides a broad introduction into the business of Virgin Australian by examining its principal sources of revenue, its nature of operating, its competitors, the market share and the regulations…

Words 3786 - Pages 16

Essay Carsales Ltd.

Economic Outlook The conditions of the global economy show signs of weakening since mid-2011, a situation that persisted for the year 2012, particularly for the Eurozone countries which face an economic downturn scenario, which is based on a decline in economic activity and the raise of unemployment rates in 2012, which exceeded 20% in some countries of the region. In contrast to the situation of the countries of the Eurozone, the U.S. economy recovery continues but at a moderate pace, which…

Words 3202 - Pages 13

MPI UrCommunity 2014 Essay

1. Business Definition----------------------------------------------------------------------------------------------------------------------------------------------3 1.1 Business Scope---------------------------------------------------------------------------------------------------------------------------------------- 3 1.3 Market Definition---------------------------------------------------------------------------------------------------------------------------------------3 1.3 Vision Stat…

Words 8876 - Pages 36

Essay Emissions Trading and Climate Change

change policies) - also merely engage in “greenwashing” • Some say recent corporate greening is part of a more profound, permanent trend (driven by the end of cheap oil and the way in which the climate change issue is so intertwined with the economy) 3028IBA - 2013 An Example of Green Promotion • Westpac Bank and the Equator Principles • “We were the first Australian bank, and one of ten founding signatories globally to adopt the Equator Principles. Today, there are over 60 signatories…

Words 3587 - Pages 15

Brazil's Real Surges As Central Bank Says Inflation Rate Is High

Sao Paulo, the strongest level since May. The rally was the biggest among 25 emerging-market currencies tracked by Bloomberg. Swap rates due in January 2015 increased 10 basis points, or 0.10 percentage point, to 8.19 percent, the highest level since Oct. 2. The Treasury rejected all bids in its auction of LTN bonds due in April 2014, April 2015 and July 2016 after the surge in swap rates. It sold 5.5 billion reais of floating-rate LFT bonds due in 2018. Swap rates climbed as the national statistics…

Words 2483 - Pages 10