S&P Upgrades Australia’s Sovereign Rating Outlook

S&P Global Ratings raised Australia’s sovereign rating outlook as the agency expects the federal budget balance to return to surplus by early 2020s. The credit ratings of the nation was affirmed at ‘AAA’ and the outlook was revised up to ‘stable’ from ‘negative’. “We expect steady government revenue growth supported by the strong labor market ...

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U.S. Existing Home Sales Unexpectedly Unchanged In August

With sales growth in the Northeast and Midwest offset by downturns in the South and West, the National Association of Realtors released a report on Thursday showing existing home sales in the U.S. were unexpectedly flat in the month of August. NAR said existing home sales came in at an ...

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Japan Inflation Climbs To 1.3% In August

Overall nationwide consumer prices in Japan were up 1.3 percent on year in August, the Ministry of Internal Affairs and Communications said on Friday. That exceeded expectations for 1.1 percent and was up from 0.9 percent in July. Core consumer prices, which exclude food costs, climbed 0.9 percent on year ...

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Japan Manufacturing PMI Rises To 52.9 In September – Nikkei

The manufacturing sector in Japan continued to expand in September, and at an accelerated pace, the latest survey from Nikkei revealed on Friday with a manufacturing PMI score of 52.9. That’s up from 52.5 in August, and it moved further above the boom-or-bust line of 50 that separates expansion from ...

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Japan Inflation Data Due On Friday

Japan will on Friday release August numbers for consumer prices, highlighting a modest day for Asia-Pacific economic activity. Overall nationwide inflation is expected to rise 1.1 percent on year, accelerating from 0.9 percent in July. Core CPI is called at an annual 0.4 percent, up from 0.3 percent in the ...

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Gold Futures Settle Higher As Dollar Slides To 3-month Low

Gold prices edged up marginally on Thursday, as the dollar lost ground against a basket of major currencies, ahead of the Federal Reserve’s monetary policy meeting next week. It is widely expected that the Federal Reserve will certainly hike rates by a quarter of a point next week. The focus ...

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Crude Oil Futures End Lower

After posting gains in the previous two sessions, crude oil futures failed to hold early gains and drifted down to end on a weak note on Thursday. Oil prices moved higher early on in the session, extending previous session’s gains on the Energy Information Administration’s report that showed another drawdown ...

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Treasuries Close Roughly Flat After Seeing Modest Strength

Treasuries saw modest strength for much of the trading session on Thursday before ending the day roughly flat. Bond prices moved higher in morning trading before pulling back near the unchanged line in the afternoon. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, edged ...

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