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Economic Weekly Market Report-16 Oct 15
Economic Weekly Market Report-16 Oct 15
Week Ahead
Current
Last Week
Last month
Last year
October 15
October 8
September 15
October 15 2014
2.00
2.00
2.00
2.50
2.16
2.18
2.18
2.71
2.58
2.64
2.69
3.68
AUD/USD
0.7318
0.7173
0.7114
0.8721
Gold ( US$/ounce)
1187.50
1144.30
1102.60
1244.80
53.20
54.80
56.40
82.20
Oil ( US$/barrel)
46.38
49.38
44.59
81.78
All Ordinaries
5265.6
5241.4
5046.6
5238.0
Australia
Date
Event
Consensus
Last release
Tuesday October 20
Tuesday October 20
Tuesday October 20
Thursday October 22
Thursday October 22
Consensus
Last release
International
Date
Event
Monday October 19
Monday October 19
62
62
Tuesday October 20
1.4%
-3.0%
Thursday October 22
0.5%
0.6%
Thursday October 22
0.9%
-4.8%
Thursday October 22
0.0%
0.1%
Friday October 23
A quiet week lies ahead in terms of Australian economic data. The focus is very much overseas with Chinese
economic growth figures due in China on Monday.
The week kicks off in Australia on Tuesday when the Reserve Bank releases minutes of the Board meeting held
a fortnight earlier. The Reserve Bank Board left interest rates unchanged for the fifth month and there were scant
changes made to the accompanying statement. So it would be surprising if the Board minutes provided much in
the way of new information.
Also on Tuesday CommBank releases its latest indicator of economy-wide sales (Business Sales Indicator) while
the Australian Bureau of Statistics (ABS) releases data on the imports of goods (merchandise imports). Given
these figures are for the September month, they are one of the timeliest indicators of economic activity. The main
complication is that the weaker Aussie dollar may inflate the estimates of imports, via higher prices.
On Thursday the ABS releases the detailed labour market figures for September. While data on employment by
industry wont be available (the quarterly figures were released last month) there are break-ups on a demographic
and regional basis.