Australia Trade Balance Expected To Show Surplus

au.investing.com/analysis/australia-trade-balance-expected-to-show-surplus-200197510

By William OLoughlin | Mar 08, 2018 09:42

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Originally published by Rivkin Securities

The Dow Jones Industrial Average fell 0.3% overnight although the intraday decline was as much as 1.3%. The announcement that Canada and Mexico may be exempted from the President’s tariff plan seems to have reassured the stock market to a degree. The S&P 500 also recovered its intraday losses to close virtually flat. The S&P/ASX 200 had a weak session yesterday, falling by 1%, although futures are up 22 points this morning.

WTI oil prices continue to bounce around in the low 60’s as inventory data this week showed another crude build. This time of year typically sees build in crude oil as the cold northern hemisphere weather reduces the amount of driving. Crude is also under pressure from rising US production which hit a new high last week, now firmly above Saudi Arabia’s production level.

The announcement that President Trump’s economic adviser, Gary Cohn, was resigning caused a spike in the gold price yesterday but last night the concern from this event faded and the gold price gave back its gains to finish around $1,325 per ounce. There were supposedly several reasons for the resignation although a disagreement between Cohn and Trump regarding trade tariffs was reported to be the straw that broke the camel’s back.

Australia’s trade balance data for the month of January will be released today. Expectations are for a small $0.21bn surplus which would represent a turnaround from the deficit in December.

Data Releases:

- Australia Trade Balance 11:30am AEDT

- Euro Interest Rate Decision 11:45am AEDT

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Central Banks

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Apr 01, 2025

BOE

4.50%

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ECB

2.65%

Mar 06, 2025

FED

4.50%

Mar 19, 2025

SNB

0.50%

Mar 20, 2025

BOC

3.00%

Mar 12, 2025

RBNZ

3.75%

Apr 09, 2025

BOJ

0.50%

Mar 19, 2025

CBR

21.00%

Mar 21, 2025

RBI

6.25%

Mar 10, 2025

PBOC

3.10%

BCB

13.25%

Mar 19, 2025

S&P/ASX 200	7,959.20	-135.50	-1.67%
ASX 200 Futures	7,961.5	-64.0	-0.80%
ASX All Ordinaries	8,190.50	-135.90	-1.63%
US 500	5,758.4	+19.9	+0.35%
Dow Jones	42,579.08	-427.51	-0.99%
China A50 Futures	13,285.0	-25.0	-0.19%
Dollar Index	104.020	-0.008	-0.01%

Crude Oil WTI	66.50	+0.14	+0.21%
Natural Gas	4.281	+0.003	+0.07%
Gold	2,912.85	-13.75	-0.47%
Silver	33.198	-0.141	-0.42%
Copper	4.7850	+0.0102	+0.21%
US Sugar #11	18.13	-0.07	-0.38%
US Coffee C	387.15	-22.80	-5.56%

Australia 10Y	4.455	-0.035	-0.78%
Australia 5Y	3.924	-0.043	-1.08%
New Zealand 10Y	4.687	-0.036	-0.76%
U.S. 10Y	4.255	-0.027	-0.63%
Japan 10Y	1.507	-0.007	-0.46%
China 10Y	1.826	+0.054	+3.05%
Singapore 10Y	2.690	-0.066	-2.39%

CSL	260.63	-1.37	-0.52%
Woolworths	28.730	+0.240	+0.84%
ANZ Holdings	28.670	-0.710	-2.42%
Commonwealth Bank Australia	148.560	-5.030	-3.27%
Telstra Group	4.170	0.000	0.00%
National Australia Bank	34.060	-0.530	-1.53%
BHP Group Ltd	39.070	-0.160	-0.41%

Australia Trade Balance Expected To Show Surplus

Data Releases:

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