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Australian bonds surge tracking U.S. Treasuries following Brexit chaos, sell-off in stocks

German bunds jump after UK Brexit Minister Raab resigns; eyes on ECB President Draghi’s speech, Eurozone October CPI

Global Geopolitical Series: North Korea tests new high-tech weapon amid nuclear talk’s deadlock

German bunds gain after Q3 GDP falls, albeit better than expectations; 10-year auction in focus

Italian headline inflation remains stable sequentially in October, up 1.6 pct year-on-year

German bunds trade slightly lower after Eurozone October CPI meets market expectations

Australian bonds gain amid global equity sell-off; investors await RBA November meeting minutes

Global Geopolitical Series: U.S. Commerce Department announces duties quartz products from China

Swedish krona likely to witness gradual uptrend vs euro on slower monetary policy normalization, says Commerzbank

Australia’s unemployment rate holds steady at six-year low of 5 pct, reinforces RBA’s bullish outlook

Global Geopolitical Series: U.S. initiates duty investigations on Magnesium from Israel

Canadian manufacturing sales rebound modestly in September

Currency snapshot (commodity pairs)

Bank Negara Malaysia likely to keep OPR unchanged at 3.25 pct for some time, says ANZ Research

Stamp duty fever: the bad economics behind swapping stamp duty for land tax

Global Geopolitical Series: U.S. likely to assert presence in South China Sea

Australian bonds rally in muted trade ahead of October employment report, RBA Assistant Gov Debelle’s speech

New Zealand ANZ/Morgan consumer confidence lifts to 126.9 in January

Friday, February 2, 2018 8:42 AM UTC
0
comments

New Zealand’s ANZ-Roy Morgan Consumer Confidence Index lifted from 121.8 to 126.9 in January. This is still 3 points off the September high but is a pretty robust level. The Current Conditions Index rose a hefty 8.1 points to 131.3, its highest level since 2007.

The Future Conditions Index lifted 3.0 points to 124.0. Consumers continue to feel pretty content with their current financial situation. A net 16 percent feel financially better off than a year ago. This metric has been pretty stable for the last year or so. A net 29 percent of consumers expect to be better off financially this time next year (+1 point).

A net 47 percent say it’s a good time to buy a major household item, up 15 points. Durables spending may be set for something of a comeback given the stabilization in house price growth. Perceptions regarding the economic outlook improved from 13 to 21. It remains off its September high of +30 but it is encouraging that it has turned. The five-year outlook was steady at a net +22 percent.

Consumer confidence has bounced back as the housing market has stabilized and the uncertainty around the election has receded. The labor market is strong and the outlook for household incomes is solid, so it is hard to argue the optimism is unwarranted. That said, a hint of wariness in the responses to the forward-looking questions persists.

Lastly, FxWirePro has launched Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest

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2018-11-19 04:52:15
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S.KOREA C.BANK SAYS SELLS 91-DAY MONETARY STABILISATION BONDS AT YIELD OF 1.700 PCT
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THAI 10 BLN BAHT, 364-DAY TREASURY BILL AVG ACCEPTED YIELD 1.77440 PCT
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2018-11-19 03:40:36
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MOODY'S SAYS PHILIPPINE'S REAL GDP WILL GROW 6.3% AND 6.2% IN 2018 AND 2019, RESPECTIVELY
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THAI Q2 GDP +0.9 PCT Q/Q SEASONALLY ADJUSTED (VS +1.0 PCT STATED EARLIER) - PLANNING AGENCY
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2018-11-19 02:35:33
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Economics Monitor

November 19 02:30 UTC Released

THGDP Growth YY

Actual

3.3 %

Forecast

4.2 %

Previous

4.6 %

November 18 23:50 UTC Released

JPTrade Balance Total Yen

Actual

-449.3 Bln JPY

Forecast

-70 Bln JPY

Previous

139.6 Bln JPY

January 31 00:00 UTC 420774420774m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 420774420774m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 432594432594m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 420774420774m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 432594432594m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 420774420774m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 420774420774m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 420774420774m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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