Aussie Money Tips

Australian shoppers spends $37b last christmas

2009-01-14T10:49:00.004+11:00

Last Christmas, Australian shoppers splurged $37 billion according to a top Retailers Association Executive. Australian consumers took advantage of the cheaper oil, low interest rates with the help of Christmas bonuses they received.

The retail sales trend series increased 0.1% in November from October, when it advanced by 0.2%, the Bureau of Statistics said in Sydney on Jan. 7.

Australia's economy expanded at the weakest pace in eight years in the three months through September as spending by households stalled. Consumer spending accounts for about 60% of the economy.

more...

On Bad Global Outlook, Aussie dollars continue to slide

2009-01-13T12:31:00.003+11:00

The worsening global financial outlook has its equivalent worst effect to the economic situation of Australia. Australian dollar, including that of New Zealand's dollar has continue to slide still due to global economic slowdown and commodity prices.

Australian government bonds advanced, pushing the two-year yield down 11 basis points, or 0.11 percentage point, to 2.64 percent, according to data compiled by Bloomberg. The price of the 5.25 percent note due August 2010 rose 0.170, or A$1.70 per A$1,000 face amount, to 104.011.

New Zealand’s two-year swap rate, a fixed payment made to receive floating rates, declined to 4.06 percent from 4.23 percent late in Asia yesterday.

more....

Job Ads sharply fall; at recession level ANZ job survey says

2009-01-12T15:28:00.003+11:00

Job advertisement in major media outlets , including internet had sharply fall for eight consecutive months according to a survey. In fact, the demand for new jobs deteriorated to almost recession level.

The severity of the fall in job advertisements means the Federal Government's forecast of a 5 per cent unemployment rate by June by "too optimistic".

ANZ expects the Government to revise unemployment predictions higher in the May Budget, and tips a jobless rate of 6 per cent this year.

Aussie Money Tips

Australian shoppers spends $37b last christmas

On Bad Global Outlook, Aussie dollars continue to slide

Job Ads sharply fall; at recession level ANZ job survey says

Australian local market expected to open weaker

Aussie dollar hits three months high

After a strong trading day, Aussie local market down again

Resources Sector Pushes Sharemarket Up

Qantas, British Airways merger plan fail

Aussie share market seen higher more than 3 pc

Westpac agrees to maintain dividend

Aussie shares seen higher boost by miners

RBA governor sees scope for more rate cuts

As financial crisis hits, Australia's job ads fall

Aussie stocks down on G20 summit failure

Australian shares jump following Wall Street rebound

On business confidence down, Australian local shares dive

Australia business confidence collapse

On miners gain, Aussie local shares up 2pc

Australian shares drop below 4000

Aussie stock in the red

Banks slow to react to rate cut

RBA cuts rate to 5.25pc

Sales, business confidence down in Australia

Westpac profit hits expectations

Australian Stockmarket expected to open strong on Wall Street Surge