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J P Morgan - Latest News [Page 8]
Australia and NZ - Weekly Prospects 19 May 2008
Monday, 19 May 2008, 12:10 am | J P Morgan
The flow of Australian data slows to a crawl this week, with only the consumer confidence reading (delayed to include reaction to last week's Budget) and the RBA's Board minutes likely to trouble the scorers. Last week's Budget was aimed at curbing inflation, ... More >>
Producer prices surge in New Zealand in 1Q
Friday, 16 May 2008, 11:39 am | J P Morgan
Producer input prices in New Zealand unexpectedly spiked 2.3%q/q in 1Q (JPMorgan 1.5%, consensus 1.1%), up sharply from the 1.3% rise in the previous quarter. Output prices also grew at a much faster rate than expected, rising 1.8%q/q (JPMorgan 1.4%, ... More >>
RBA speech signals likely tolerance of weak growth
Friday, 16 May 2008, 11:15 am | J P Morgan
RBA Governor Glenn Stevens last night delivered a speech to the Faculty of Economics and Business at the University of Sydney. The speech was entitled The Australian Economy: Then and Now and compared Australia's current economic circumstances with ... More >>
New Zealand retail sales slumped 1.2%m/m in March
Thursday, 15 May 2008, 11:26 am | J P Morgan
New Zealand retail sales unexpectedly slumped 1.2%m/m in March (JPMorgan -0.3%, consensus -0.4%) after falling a revised 0.6% (previously -0.7%) in February. Retail sales ex-autos were also down in March, falling 0.5% after rising 0.2% in the previous ... More >>
Australia's 2008-09 Federal budget - no surprises
Wednesday, 14 May 2008, 9:40 am | J P Morgan
Australian Treasurer Wayne Swan's maiden Budget delivered what was expected, including a mammoth budget surplus which, thanks to the mining boom and the boost to company tax receipts, is the biggest for nearly a decade (as a share of GDP). The Treasurer ... More >>
Australia and NZ - Weekly Prospects 12/05/08
Monday, 12 May 2008, 12:19 am | J P Morgan
* In Australia, the RBA left the cash rate steady last week, and signalled that a significant slowing in the pace of growth in domestic demand would be required to dampen inflation. The RBA highlighted, though, in its quarterly Statement on Monetary ... More >>
Australia and NZ - Economic data and event preview
Monday, 12 May 2008, 12:12 am | J P Morgan
Australia and New Zealand - Economic data and event previews More >>
Australia adds another 25,400 jobs in April
Thursday, 8 May 2008, 3:18 pm | J P Morgan
In April, 25,400 jobs were added. * Full-time jobs were up 19,000, while part-time rose 6,300. * The unemployment rate rose from 4.1% to 4.2%. * The participation rate rose to 65.4% from 65.3%. More >>
New Zealand unemployment rate rises to 3.6% in 1Q
Thursday, 8 May 2008, 11:47 am | J P Morgan
New Zealand's unemployment rate rose in 1Q to 3.6% (JPMorgan 3.6%, consensus 3.5%) from 3.4% in 4Q. The employment print confirmed our expectation that the Kiwi labour market has started to loosen, with employment now at levels seen in early 2007. Employment ... More >>
Australia: 2008-09 Federal Budget Preview
Thursday, 8 May 2008, 10:25 am | J P Morgan
New Labor Treasurer Wayne Swan delivers his maiden Budget speech at 7pm on Tuesday, 13 May - this is the first budget by a Labor government for 13 years. * Treasurer Swan has committed the government to delivering a Budget surplus equivalent to 1.5% ... More >>
Australian trade gap narrows to -A$ 2.7Bn in March
Tuesday, 6 May 2008, 2:54 pm | J P Morgan
Owing to strong growth in exports, Australia's trade balance narrowed to a deficit of A$2.7 billion in March (JPMorgan -A$3.2 billion, consensus -A$2.9 billion) from a slightly revised deficit of A$3.3 billion in February. More >>
Economic data and event previews - 5 to 9 May 2008
Monday, 5 May 2008, 1:41 pm | J P Morgan
Economic data and event previews - Australia and New Zealand See... Data_preview_5May08.pdf More >>
New Zealand wage growth slows to 0.7%q/q in 1Q
Monday, 5 May 2008, 11:38 am | J P Morgan
Growth in private sector labour costs (as measured by the LCI) in New Zealand increased 0.7%q/q in 1Q (JPMorgan 0.7%, consensus 0.9%), after surging 1.1% in 4Q, which marked the largest quarterly gain on record. Growth in the all sector labour cost index ... More >>
Australia and NZ - Weekly Prospects 05/05/08
Monday, 5 May 2008, 12:52 am | J P Morgan
* Australian economic data last week reaffirmed our expectation that the RBA will leave the cash rate steady on Tuesday. Credit growth fell below 15%oya for the first time since May 2008 and retail sales ex-food declined, adding to recent signs that ... More >>
NZ business confidence improves slightly in April
Wednesday, 30 April 2008, 4:15 pm | J P Morgan
The NBNZ business confidence survey improved in April, rising from -57.9 in March to -54.8 in April. The headline index suggests that 54.8% of respondents expect business conditions to deteriorate over the coming year. More >>
NZ trade balance falls into deficit unexpectedly
Tuesday, 29 April 2008, 11:58 am | J P Morgan
New Zealand's trade balance fell into deficit unexpectedly in March, recording a deficit of NZ$50 million (JPMorgan NZ$350 million, consensus NZ$395 million), following a surplus of NZ$258 million in February. More >>
Australia and NZ - Weekly Prospects - 28 Apr 08
Monday, 28 April 2008, 11:57 am | J P Morgan
Both consumer and producer price data for 1Q surprised on the upside in Australia last week. In particular, core inflation shot up to 4.3%oya, well above the RBA's 2-3% target range. JPMorgan expects, though, that the RBA will leave interest rates ... More >>
Economic data and event previews - 28 April 2008
Monday, 28 April 2008, 11:36 am | J P Morgan
Economic data and event previews - Australia and New Zealand More >>
RBNZ leaves OCR unchanged at record 8.25%
Thursday, 24 April 2008, 10:24 am | J P Morgan
The RBNZ left the official cash rate (OCR) steady at a record 8.25%, citing upside risks to inflation and downside risks to economic growth. RBNZ Governor Bollard mentioned that one key risk to the economic outlook is the persistently strong NZD, up 4% vis-Ã ... More >>
Australia's CPI surprises on upside at 1.3%q/q
Wednesday, 23 April 2008, 3:07 pm | J P Morgan
Headline CPI printed at a higher than expected 1.3%q/q in the March quarter (JPMorgan 1.2%, consensus 1.1%), following a 0.9% rise in the previous three months. Annual inflation growth surged to 4.2% (JPMorgan 4.1%, consensus 4.0%), up from 3.0% in ... More >>
