澳洲新闻 (ABC新闻快递) 2015-07-22
时间:2015-08-06 03:11:32
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Official inflation figures are due out today and many are expecting a big jump as everyday items become more expensive. The inflation rate is expected to increase for 1.3 to 1.7% in the June quarter. Economists1 believe the rising cost of fuel and rising cost fresh food and vegetables have pushed up the inflation rate. However, the good news for consumers is the rising prices are not expected to last as the inflation rate is expected to pull back in coming quarters.
A group of
merging2 economies have launched a new financial institution called New Development Bank in Shanghai. The bank is backed by Brazil, Russia, India, China and South Africa collectively known as the “Brics Countries”. The bank will lend money to developing countries to help finance
infrastructure3 projects in the region. The bank is seen as an alternative to the World Bank and the International
Monetary4 Fund although the group says it is not arrival. To the global markets, and there were falls overnight due to some weaker than expected corp.
earnings5 data. The Dow fell 191 points. The Nasdaq fell 0.2% while S&P 500 lost nearly 0.5%. In London, the FTSE also fell by 1/3 of a percent. Checking commodity prices, West Texas Crude is trading at 50 US dollars a barrel. Tapis Crude is at 59 US dollars a barrel. And gold is trading at 1100 US dollars an ounce. The Australian dollar is currently buying 74 US cents, 68 euro cents, and 48 pence
sterling6.
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