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Today's national accounts are expected to show Australia's economic growth slows significantly during the last quarter. Economists1 are forecasting that Gross Domestic Product grows by 0.4% in the 3 months to the end of August.
That's down from 1.1% growth in the previous quarter and it will take the annual rate of growth to 3%.
Supermarket giant Coles is expected to announce today that it's axing up to 600 jobs from its headoffice in Melbourne. It counts part of a renewed efficiency drive to free up funds to help reduce food and legal crisis.
The jobs will reportedly come from back-office functions including payments, accounts and IT. Coles is also expected to announce a shakeup to senior management.
To the markets on Wall Street.
Trade has returned after the Labor2 Day long weekend with mixed results. The Dow finished down. The NASDAQ gained ground. The S&P 500 slipped slightly. In London the FTSE closed up marginally.
And checking commodity prices.
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1 economists | |
n.经济学家,经济专家( economist的名词复数 ) | |
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2 labor | |
n.劳动,努力,工作,劳工;分娩;vi.劳动,努力,苦干;vt.详细分析;麻烦 | |
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3 sterling | |
adj.英币的(纯粹的,货真价实的);n.英国货币(英镑) | |
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