Market news

Show news:


04.09.2019 14:18

Australia Q2 GDP growth matches expectations

The Australian Bureau of Statistics (ABS) reported on Wednesday that Australia’s real gross domestic product (GDP) rose by 0.5 percent q-o-q (in seasonally adjusted terms) in the second quarter of 2019, matching economists’ forecast. In the first quarter, the GDP also recorded a 0.5 percent q-o-q expansion (revised from originally reported increase of 0.4 percent q-o-q).

According to the ABS, the external sector drove GDP growth this quarter, while the growth in the domestic economy remains steady. Net exports contributed 0.6 percentage points to GDP growth in the second quarter, due to strong exports of mining commodities. At the same time, government spending was the main contributor to growth in domestic final demand, while the household sector remained relatively subdued, with a 0.4 percent increase in household expenditure. Dwelling investment declined by 4.4 percent during the quarter.

In y-o-y terms, the GDP grew 1.4 percent after a revised 1.7 percent y-o-y surge in the prior quarter (originally reported advance of 1.8 percent y-o-y). Economists had forecast a 1.4 percent y-o-y rise in the last quarter. That was the weakest annual expansion rate since the Global Financial Crisis.


Keep up with latest Forex market news updates: Currencies, central banks, economic indicators for oil and gold trading – all you need to work effectively on Forex.

Market focus

  • White House economic adviser Kudlow: U.S. and China "very close" on opening of financial markets
  • Chinese vice foreign minister says progress made in trade talks with U.S
  • BoE reform needed to boost firepower for downturns - think tank
  • Earnings Season in U.S.: Major Reports of the Week
October 2019
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 2008
  • 2007
  • 2006
  • 2005
  • 2004
  • 2003
  • 2002

Forex is open 24 hours a day, 5 days a week (except national holidays), and it can be broken up to the following four regional markets: Australia and Oceania, Asia, Europe, and America. A Forex trading session opens at 23:00 GMT on Sunday in Japan and closes at 22:00 GMT on Friday in the USA.

 
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
Pacific Wellington 19:00 04:00 22:00 07:00 22:00 07:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
Sydney 21:00 06:00 00:00 09:00 00:00 09:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
Asian Tokyo 23:00 08:00 02:00 11:00 02:00 11:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
Hong Kong, Singapore 00:00 09:00 03:00 12:00 03:00 12:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
European Frankfurt, Zurich, Paris 06:00 15:00 09:00 18:00 9:00 18:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenCloseе
London 07:00 16:00 10:00 19:00 10:00 19:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
American New York 12:00 21:00 15:00 00:00 15:00 00:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
Chicago 13:00 22:00 16:00 01:00 16:00 01:00