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AU consumer, business sentiment improves ahead of key jobs report
With Australia’s business and consumer sentiment rising, CPI ‘too high’ for the RBA and now Trump preparing his cabinet for inflationary policies and potential trade wars, the RBA could be closer to a hike than a cut. And another bumper employment report from Australia this week could strengthen those odds. Australia’s business confidence rose to its highest level since January 2023 in October according to National Australia Bank (NAB). Its 7-point rise also marks its best month-over-month increase in 10 months, and first positive print since July. Business conditions remained flat at 7. In a separate report ... (full story)
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- Posted: Nov 11, 2024 11:20pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 3,987
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