a day agoAustralia's export volumes jumped in the June quarter as foreign visitors swarmed the country, data showed on Tuesday, offsetting softness in household consumption and providing a much-needed boost to economic growth. Spending by tourists and foreign students is classed as a service export. The data from the Australian Bureau of Statistics showed net export volumes added 0.8 percentage points to GDP in the second quarter, more than twice analyst expectations.Top Democrats in the U.
Global shares rose on Monday, lifted by a growing expectations that the Federal Reserve will not raise interest rates again, and by hopes that China's steady drip feed of policy stimulus might stabilise the economy. "Taken alongside other measures announced in prior weeks, it does appear that momentum is building for policy changes in China that could put a floor under sentiment and lift consumption," Lazard chief market strategist Ron Temple said.
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