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Well New South Wales has extended its lead as the nation's best performing economy, according to the latest concept state of the state report. Victoria has remained in second place. But the quarterly report shows the biggest change over the past quarter has been the improved performance of the ACT, which has jumped from 6 spots to equal third of the northern territory. Western Australia slid in the ranking to its current place 6, while Queensland is in 6ed place, and South Australia and Tasmania round out the bottom two places respectively.
There's been a strong rebound1 in global markets overnight as the price of oil has risen back above 30 US dollars a barrel. But that recovery in oil price coming a little too late for Asian markets, which tumbled yesterday. The Shanghai share market tumbled 6.4 percent to its lowest close since December 2014. While Hongkong's Hengseng fell 2.4 percent. Global share markets have had the rocky start to the year in a recent memory as worries over China's economic growth continue to intensify2.
With that, let's check the global markets. At the close, the Dow rose 1.8 percent, the NASDAQ gained 1 percnet, while the S&P 500 gained 1.4 percent as well. In London, the FTSE gained 0.6 percent overnight. Checking commodity prices. WTC is at 30 US dollars a barrel, Tapis crude is at 34 US dollars a barrel, and gold is trading at 1,121 US dollars an ounce. The Australian dollar is currently buying 70 US cents, 65 euro cents, and 49 pence sterling3.
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1 rebound | |
v.弹回;n.弹回,跳回 | |
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2 intensify | |
vt.加强;变强;加剧 | |
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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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