Ex-Sydney, capital city house price growth is benign

The ABS' quarterly house price index was released earlier this morning with capital city house prices rising 1.9% in the three months to December, a figure that was higher the 1.8% increase expected. Sydney, at +3.4%,  recorded the strongest growth while those...

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Stocks bid, Dollar skids as crude oil finds some traction

US initial jobless claims rose modestly to 278k last week. The reading, higher than the 267k pace of the previous corresponding week but below the 290k level expected, left the series 4-week average, a better gauge on the overall trend, at 292.75k, the lowest level...

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Australian service sector activity stabilises in January

The AIG's Australia PSI was released earlier this morning with the index improving 2.4pts to 49.9 to the highest level seen since August. Looking through the report 3 of 5 sub-indices recorded an expansion, a reading above 50, with sales (+2.6pts to 50.7), new orders...

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