July's business growth defies cooling outlook
Business resilience remained robust in July, defying expectations of a cooling economy as 2023 progresses.
Source: dynamicbusiness.com
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Australian July business conditions hold firm, costs jump anew
Australian business conditions again proved solid in July with sales, profits and employment all above average, while a spike in labour costs and prices suggested inflationary pressures had yet to...
Source: marketscreener.com
High interest rates and economic slowdown hurting retailers, builders and cafes
High interest rates and the slowdown in consumer spending are piling up the pressure on profits, according to research from credit bureau Illion.
Source: afr.com
Australia NAB business confidence rose to 2, inflationary pressures on the rise
Australia's NAB Business Confidence Index for July revealed an upward tick, moving from -1 in June to 2. However, Business Conditions saw a slight dip from 11 to 10. Delving into specific metrics, readings for trading conditions, profitability, and employment remained unchanged with the previous month, all settling at 16, 10, and 6 respectively.
Source: actionforex.com
Yen Down on Japan Wage Data; China Trade Figures Sends Aussie Lower
Today's Asian session witnessed a revitalized forex market, triggered largely by pivotal economic data releases. Japan's weaker-than-anticipated wage growth data placed Yen under notable pressure, reinforcing BoJ's commitment to persist with its ultra-loose monetary policy. Simultaneously, unexpectedly poor trade figures from China exerted downward force on Hong Kong stocks, as well as on Australian and New Zealand dollars.
Source: actionforex.com