Australian Building Permits MoM Final (Dec) M/M -14.9% (Prelim. -14.9%)
The Australian building permits data shows a final month-over-month decline of 14.9%, consistent with preliminary figures.
PRE-MARKET TAIWAN AND SINGAPORE STOCKS NEWS: Taiwan Exports in January surged by around 70% Y/Y
Venezuela's largest refinery, Amuay, is out of service after a power blackout, according sources
Australian Building Permits MoM Final (Dec) M/M -14.9% (Prelim. -14.9%)
PBoC is expected to set USD/CNY mid-point at 6.9135 (prev. 6.9523)
[MARKET UPDATE] Asia-Pac stocks are higher as the region takes impetus from the gains on Wall St, where the S&P 500 approached closer towards its record levels and the Nasdaq outperformed as the tech rebound persisted
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This significant drop may signal weakness in the housing sector, potentially affecting economic growth forecasts and influencing future monetary policy discussions.
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