Page 33 - Day Ahead News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Earlier in the Day: It’s was a quiet start to the day on the economic calendar this morning. The Aussie Dollar was in action in the early part of the day. While the Aussie Dollar responded to the morning stats, the markets also responded further to news of the new coronavirus strain in the UK. Riskier assets took a hit early on, in spite of U.S lawmakers delivering a U.S stimulus package on Monday. For the Aussie Dollar Retail sales jumped by 7% in November, according to prelim figures, coming in well ahead of a forecasted 0.6% decline. In October, retail sales had risen by 1.4%.

Earlier in the Day: It’s was a relatively busy start to the day on the economic calendar this morning. The Kiwi Dollar and the Japanese Yen were in action in the early part of the day. Later this morning, the Bank of Japan will deliver its final monetary policy decision of the year. For the Kiwi Dollar November trade and business confidence figures were in focus early this morning. Month-on-month, New Zealand’s trade balance rose from a NZ$472m deficit to a NZ$252m surplus. Economists had forecast a surplus of NZ$250m. Year-on-year, the trade surplus widened from NZ$2,220m to NZ$3,260m.

Earlier in the Day: It’s was a busy start to the day on the economic calendar this morning. The Kiwi Dollar and the Japanese Yen were in action in the early part of the day. For the Kiwi Dollar rd quarter current account figures were in focus in the early part of the day. Year-on-year, the current account slid from a NZ$1.83bn surplus to a NZ$3.52bn deficit in the 3 rd quarter. Economists had forecast a deficit of NZ$3.65bn. Quarter-on-quarter, the current account deficit narrowed from NZ$5.77bn to a deficit of NZ$2.55bn. Economists forecasted a deficit of NZ$2.57bn.

Consumers also had a more optimistic outlook on the economic outlook and expected financial situation. The “expected financial situation” sub-index jumped from 1.8 to 13.0, to sit above the average of 11.4. More impressively, the 1-year economic outlook sub-index surged by 25.3 points to -1.0 to take it above the average -2.9. Looking at the 5-year economic outlook, the sub-index climbed by 16.1 points to 26.0, falling shy of the average 28.8. The Kiwi Dollar moved from $0.70808 to $0.70830 upon release of the figures. At the time of writing, the Kiwi Dollar was up by 0.01% to $0.7082. Fo...

With economic data on the lighter side, Brexit news updates and chatter from Capitol Hill and the EU Summit will be key drivers.