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J P Morgan - Latest News [Page 15]
Australia and New Zealand - Weekly Prospects
Tuesday, 12 June 2007, 12:36 am | J P Morgan
In a forecast change, we now expect the RBA to tighten 25bp on 4 July. Last week’s upbeat data showed the economy growing way above potential and the jobless rate unexpectedly plunging to 4.2%. The economy’s lack of spare capacity will trigger inflation pressure ... More >>
Property prices raise risk of more RBNZ tightening
Monday, 11 June 2007, 11:52 am | J P Morgan
According to latest statistics from Quotable Value New Zealand, national property prices rose 11.1% over the past year (calculated over the three months ending May 2007 in comparison to the same period last year). The growth rate accelerated from ... More >>
Pre-election Tightening Has Become Irresistible
Friday, 8 June 2007, 3:12 pm | J P Morgan
We changed our forecast on Monday to include two RBA tightenings in the first half of 2008, owing mainly to the significant deterioration in the medium term inflation outlook. More >>
Aussie Unemployment Rate Falls
Friday, 8 June 2007, 10:55 am | J P Morgan
Australia added another massive number of jobs in May, registering total employment growth of 39,400 (JPMorgan 5,000, consensus 10,000) following on from a solid 34,900 increase in April. April’s employment numbers were, however, revised considerably ... More >>
Australian economic update: GDP up 1.6%q/q in Q1
Thursday, 7 June 2007, 10:12 am | J P Morgan
Australia's GDP growth was an unexpectedly firm 1.6%q/q in Q1 (JPMorgan and consensus 1.2%), the strongest quarterly growth rate since December 2003. This took annual growth in the economy back up to 3.8%oya, from an upwardly revised 2.9% in the year ... More >>
EST - Economic Shock Treatment
Thursday, 7 June 2007, 12:05 am | J P Morgan
The RBNZ today announced a surprise 25bp tightening (only 3 of the 14 economists surveyed by Bloomberg were forecasting the move), taking the OCR to an unprecedented 8.0%. More >>
No rate hike, but hawkish commentary a must
Tuesday, 5 June 2007, 10:27 am | J P Morgan
The RBNZ will deliver the June Monetary Policy Statement this Thursday - JPMorgan expects the RBNZ to leave the official cash rate (OCR) unchanged. Although the OCR is likely remain at 7.75%, the RBNZ will use the MPS to justify its last two rate ... More >>
