Australia’s Private Capex misses estimates with -3% in Q3, AUD/USD unfazed

Australia’s Private Capital Expenditure fell more-than-expected in the third quarter, the latest data published by the Australian Bureau of Statistics

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Australia: Trade surplus shrinks to AUD4,840 million in October, as imports rebound sharply

“For October there is a goods trade surplus of $4,840m (original, current price, merchandise trade basis),” according to the Preliminary October Trad

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Australia Wage Price Index (YoY) came in at 1.4% below forecasts (1.5%) in 3Q

Australia Wage Price Index (YoY) came in at 1.4% below forecasts (1.5%) in 3Q

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Australia data: Q3 wages +0.1% q/q and +1.4% y/y

Wage price Index for Q3 2020 +0.1% q/q – expected 0.2% q/q, prior 0.2% – expected 1.5% y/y, prior 1.8%

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(Australia news) China has indefinitely suspended imports of all Victorian timber logs

Trade tensions with China are not going away any time soon. to local media for more Link here

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Australian PM Morrison says confidence in Australia’s economy is returning

The closely watched NAB business survey is out for October: Comments from the Australian Prime Minister  Australia’s second-largest state (in population terms) is still emerging from its  2nd lockdown and business…

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Australia’s Retail Sales fall 1.1% MoM in Sept vs. -1.5% expected

Australia’s consumption, as represented by Retail Sales, fell less-than-expected in the month of September, the Australian Bureau of Statistics (ABS)

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Australia Q3 terms of trade: import prices -3.5% q/q and export prices -5.1%

Both dropping more than expected: – Import Price Index expected -2.0% , prior -1.9% – Export Price Index expected -3.5% , prior -2.4%

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Dollar Dips as Equities escalate

EURUSD, H1 The Dollar fell back concomitantly with rallying European stock markets and US index futures, which was likely a repositioning dynamic after declining over the last two weeks. EURUSD…

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Australia owner-occupied loan values rise 13.6% m/m vs -1.0% exp

Home loans jump again There was similar jump in July as first-time home buyer lending rose to its highest since 2009. There have been big concerns about the Australian real…

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