Keep up to date with our financial news from around the globe.
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05/ 10/ 2016
After two rate cuts earlier in the year, the Reserve Bank’s decision to hold the cash rate at their historically low level of 1.5 percent came as no surprise, it marks the first interest rate decision by new RBA Governor Philip Lowe, who did not defy market predictions.
04/ 10/ 2016
GBP was further pressurized throughout yesterday due to the announcement from Theresa May, the Prime Minister of UK stated that she will invoke article 50 the Lisbon Treaty and commence the BRIXIT process which will commence no later than March of 2017. This caused the GBP to plunge to 4.7073 which is a new low in the past 3 months.
03/ 10/ 2016
To start the first week of October, the main focus will be from the US with the latest non-farm payrolls report. However other reports worth watching are the RBA’s October monetary policy decision and industrial production numbers out of Germany, France and the UK. On the other hand the Asian markets will be quiet for the week as the Chinese markets is closed for the entire week for the National Day Golden Week holiday.
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