GDP growth to continue into 2020 (at least) A Reuters poll of economists is showing that Australia will continue its streak of recession free growth. The IMF forecast this week stronger growth of 3.0% this year and 3.1% next year.
Australia market doing well too Tokyo’s Nikkei 225 is opening with gains. The index is up 88 points or 0.40% at 22244. The high reached 22261. The low at 22219 so far.
More from Trump and Abe: Trump: – If we can come to an arrangement between US and Japan we would discuss taking all proposed steel and aluminum tariffs – would much prefer bilateral trade deal with Japan
1Q CPI for New Zealand The NZ 1Q CPI came in a touch better at 0.5% vs 0.4% The NZDUSD moved higher as the initial reaction. The price moved to the 200 hour MA at 0.7343 (the high reached 0.7342). The 100 hour MA is at 0.7349. The underside of the trend line is at…
LIVE: Press conference with Abe Abe added: Q&A
Amazon stock is trading at $1555 in after hours trading Jeff Bezos in his investor letter has quantified the number of Amazon Prime users. In his letter he says the number of Prime members is over 100 million. That’s a healthy number. Estimates were in the 60 to 100 million on the wide.
Australian jobs report for March 2018, the headlines numbers ar employment change and the unemployment rate Full Time Employment Change, -19.9K Part Time Employment Change, +24.8K
Jobs – Labour market report from Australia due at 0130 GMT on Thursday 18 April 2018 I posted a preview up earlier: Just a couple more now:
Inflation below bottom of RBNZ target band Kiwibank’s chief economist Jarrod Kerr has weighed in with his thoughts after the NZ CPI data today:
Weekly EIA data – Prior was +3306K – Gasoline -2968K vs +450K expected – Prior gasoline +458K – Distillates -3107K vs -376K expected – Prior distillates -1044K Oil is at the highs of the day at $68.28 on the heels of the data.