News

• Australian private credit was up by 0.3 pct mm in December while rising 3.5 pct from year ago level as per the data released by RBA
• Housing credit was up 0.4 pct, rising 5.4 pct from year ago level
• Business credit was also up by 03 pct rising 1.4 pct from y/y while personal credit was down by 0.1 pct
• Personal credit was down 1 pct y/y as consumers picked savings over spending in uncertain economic times

The material has been provided by Instaforex Company - instaforex.com

News

• Australian business conditions are almost unchanged at +1 in December as per the results of survey by NAB covering 400 firms
• However, business confidence was up at +3 from +2 as rate cuts by RBA helped
• Participating firms have shown confidence in sales and profitability improvement but have scaled back their employment intentions
• The survey's measure of employment declined by 3 points to +1 in December
• The survey's measure of sales rose to 3 in December  from 0 , while the index of profitability was up a point to stand at 0

Quotes

   "Business sentiment over recent months has been seemingly resilient to the weakness in Europe, which has contributed to a slowing in global activity, perhaps reflecting the effects of the RBA's recent interest rate cuts,"

Alan Oster, NAB chief economist 

The material has been provided by Instaforex Company - instaforex.com

News

• Rising healthcare cost in many countries may cost them their AAA credit rating in G20 group of developed nations warned S&P
• It said that countries like USA, Japan and some "highly rated" countries in Europe are going to see huge deterioration in public finance due to higher healthcare cost for their aging population
• S&P warned that if problem is not tackled in proper manner, this could start affecting rating of these countries within 3 years and my put many in junk rated economies
• S&P also said that just reforming pension system would not solve the problem in developed nations where demographic profile is expected to deteriorate rapidly in coming decades

The material has been provided by Instaforex Company - instaforex.com

Following the release of National Australia Bank's business conditions and business confidence reports, both for the month of December in early Asian session on Tuesday, the Australian dollar edged up against major currencies. Currently, the Aussie is trading near 1.0602 against the US dollar, 81.01 versus the yen, 1.2932 against the NZ dollar and 1.2407 versus the euro.

The material has been provided by Instaforex Company - instaforex.com

Australia December Business Confidence Rise To 3.0 Vs. 2.0 - NAB

The material has been provided by Instaforex Company - instaforex.com

AUSTRALIA NAB BUSINESS CONFIDENC FINAL (DEC) ACTUAL**** 3 **** (PVS 2.0 ) The material has been provided by Instaforex Company - instaforex.com

AUSTRALIA PRIVATE SECTOR CREDIT FINAL (DEC) ACTUAL**** 0.3 PCT **** (POLL 0.3 PCT ) (PVS 0.3 PCT ) The material has been provided by Instaforex Company - instaforex.com

AUSTRALIA HOUSING CREDIT FINAL (DEC) ACTUAL**** 0.4 PCT **** (PVS 0.5 PCT ) The material has been provided by Instaforex Company - instaforex.com

AUSTRALIA NAB BUSINESS CONDITION FINAL (DEC) ACTUAL**** 1 **** (PVS 1.0 ) The material has been provided by Instaforex Company - instaforex.com

GREECE' S PAPADEMOS - ALL GREEK PARTIES NEED TO COMMIT TO NEW PROGRAMME The material has been provided by Instaforex Company - instaforex.com