The Reserve Bank board has surprised no one by leaving the cash rate at 2.5 per cent where it's been since August last year. The statement from Governor Glen Steven which comes these decision is almost identical to last month's. The bank still expects growth to be a little below average over the year ahead and credit growth to business has picked up. Mr. Steven has again indicated the Australian dollar is too high. The Australian dollar jumped further against the greenback following the release of the statement with many traders expecting stronger wording on the dollar's strength from the RBA.
And the index on the health of China's manufacturing
sector1 has jumped to a six month high in June. The official purchasing manager index rose to a level of 51 from 50.8 in May. It follows a rise in a unofficial but closely-watched index from Aiters BC. Meanwhile, the Australian Manufacturing Index shows the sector continue to shrink last month.
The Australian share market has ended the first day of the financial year lower with the bank's losing the most ground. By the close, the All Ordinaries Index was down 16 points or a third of a per cent. The ASX 200 Index down 0.4 percent. Nufarm was the worst performer,off five percent. Paladin Energy are among the best.
On commodity markets, spot gold is down just a little in the Asian session. And crude oil eased back overnight.
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收听单词发音
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sector
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n.部门,部分;防御地段,防区;扇形 |
参考例句: |
- The export sector will aid the economic recovery. 出口产业将促进经济复苏。
- The enemy have attacked the British sector.敌人已进攻英国防区。
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