Roy Morgan Research News
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The Australian and New Zealand dollars declined to the lowest this year amid concern slowing inflation globally will weigh on demand for commodities.
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The euro slid to a three-week low against the dollar after a report showed Europe’s recession deepened more than forecast last quarter, sapping demand for the region’s assets and spurring bets on lower interest rates.
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In Australia’s Port Hedland, 50 mechanics work through the night at Pilbara Motor Group, customizing new sport-utility vehicles for cash-rich miners, defying assertions that the country’s commodities boom is over.
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Following is the table for New Zealand’s October consumer confidence index from Australia & New Zealand Banking Group Ltd. and Roy Morgan Research released in Wellington today.
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Following is the table for New Zealand’s Sept. consumer confidence index from Australia & New Zealand Banking Group Ltd. and Roy Morgan Research released in Wellington today.
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Support for Australian Prime Minister Julia Gillard ’s Labor party surged 7.5 percent in a poll conducted two weeks before national elections scheduled for Aug. 21, Roy Morgan Research said today.
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New Zealand’s dollar gained to its highest in two and a half years against Australia’s after manufacturing in the smaller economy expanded last month, boosting prospects its Reserve Bank will raise interest rates.
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New Zealand’s central bank will wait until June to raise interest rates as falling consumer spending and house sales make an increase tomorrow unlikely, according to economists.
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New Zealand’s consumer confidence declined to an 11-month low in July, adding to evidence that weak spending and housing demand may curb economic growth.
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New Zealand’s currency and stocks were little changed, maintaining weekly declines, before a general election tomorrow that polls show may not deliver a clear majority to either of the main two parties.
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