China’s industrial production and retail sales strengthened notably in November but the low base of comparison made data less reliable to conclude that the recovery is as strong as the figures indicate and adds pressure for more support measures. Industrial production posted an annual growth of 6.6 percent in November following a 4.6 percent rise in October, the National Bureau […]

Save articles for later Add articles to your saved list and come back to them any time. As we limp towards the end of the consumer annus horribilis that was 2023, for many people, this was the year in that the interest rate Grinch threatened to steal Christmas. The last of this year’s consumer sentiment readings from Westpac reveals the […]

Save articles for later Add articles to your saved list and come back to them any time. One quarter of anaemic growth won’t worry the Reserve Bank: in fact, it’s probably what governor Michele Bullock and her little helpers put on their wishlist to Santa this year. But over the past year, there’s no doubt regarding the direction the economy […]

Save articles for later Add articles to your saved list and come back to them any time. Hey, guess what? Until after Christmas, we appear to be out of rate-hike danger. Inflation came in at just 4.9 per cent last week, lower than expected. Yes, that’s just the monthly indicator, which is a smaller basket of goods, but it’s moving […]

Save articles for later Add articles to your saved list and come back to them any time. While the rights and wrongs of the war in Gaza consume our ideological passions, a strategic blunder of the first order is unfolding on our doorstep. There is a real danger that a fickle and distracted West will let Vladimir Putin get away […]

Save articles for later Add articles to your saved list and come back to them any time. While we’ve been laser focused on the battle to curb inflation, a middle-aged shock-absorber has made the Reserve Bank’s job a little easier. Shortly after landing in the top seat of Australian politics in 1983, Bob Hawke floated the Australian dollar. Now, he’s […]

Academy Sports and Outdoors, Inc. (ASO) reported third-quarter net income of $100.0 million, a decline of 24.1% from last year. Earnings per share was $1.31 compared to $1.62. Adjusted earnings per share was $1.38 compared to $1.67. On average, 17 analysts polled by Thomson Reuters expected the company to report profit per share of $1.59, for the quarter. Analysts’ estimates […]

Eurozone economic confidence improved moderately in November, thanks to higher sentiment among consumers and construction managers, survey results from the European Commission revealed Wednesday. The economic confidence index rose to 93.8 in November from 93.5 in October. The reading came in line with expectations. At -9.5, the industrial confidence index fell unexpectedly from -9.2 in the previous month. The score […]

Business confidence in Germany improved for the third month in a row in November signaling that the largest euro area economy is stabilizing at a low level, survey results from the Munich-based ifo Institute showed Friday. The business climate index rose to 87.3 in November from 86.9 in October. The reading was seen at 87.5. Companies assessed their current business […]