Australia Producer Price Index Of Missed Expectations. Australia's producer prices data showed a gain of just 0.6% have in the third quarter of 2012 from the second quarter and up 1.1% from last year, according to Australian Bureau of Statistics today (02/11). Economists predict a rise 1.0% per quarter and 1.6% per year.
The increase in the index in the third quarter due to the high cost of electricity, gas and water and sewerage services and water channels. Some of the prices of agricultural products also reported a sharp rise during this period. Price increases were offset by lower fuel prices and drugs, according to the bureau statistok. The fall in fuel costs associated with the strengthening of the Australian dollar against the currencies of its trading relationships.
Jobs Data Improves chance
Data from the National Federation of Independent Business usually give you a bad economy. But a relatively small business group estimated last month measurements will improve. Changes in the average employment data per company will reach 0:02 before workers from -0.23 in September. End of October showed a reduction in employment for 4 months. Data from NFIB along with other reports, such as ADP and ISM, indicates that the labor market will improve in October than in September.
Melaba, China Shares Greet Party Congress
China Shares opened higher following the rally on Wall Street, but gains limited investor concerns ahead of the 18th party congress next week. Resistance level near Shanghai Composite index in 2150, after yesterday (01/11) closed up 1.7% at 2104.43.
"Although some economic indicators show a rise, investors still need more signals of economic stabilization," said Li Xiaoxuan, analyst at Shenyin Wanguo Securities. Official figures showed China's manufacturing activity expansion in October after contracting for two months. The Shenzhen Composite Index closed up 1.9% to 860.45.
The increase in the index in the third quarter due to the high cost of electricity, gas and water and sewerage services and water channels. Some of the prices of agricultural products also reported a sharp rise during this period. Price increases were offset by lower fuel prices and drugs, according to the bureau statistok. The fall in fuel costs associated with the strengthening of the Australian dollar against the currencies of its trading relationships.
Jobs Data Improves chance
Data from the National Federation of Independent Business usually give you a bad economy. But a relatively small business group estimated last month measurements will improve. Changes in the average employment data per company will reach 0:02 before workers from -0.23 in September. End of October showed a reduction in employment for 4 months. Data from NFIB along with other reports, such as ADP and ISM, indicates that the labor market will improve in October than in September.
Melaba, China Shares Greet Party Congress
China Shares opened higher following the rally on Wall Street, but gains limited investor concerns ahead of the 18th party congress next week. Resistance level near Shanghai Composite index in 2150, after yesterday (01/11) closed up 1.7% at 2104.43.
"Although some economic indicators show a rise, investors still need more signals of economic stabilization," said Li Xiaoxuan, analyst at Shenyin Wanguo Securities. Official figures showed China's manufacturing activity expansion in October after contracting for two months. The Shenzhen Composite Index closed up 1.9% to 860.45.
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