Australian Building Permits MoM Final (Nov) M/M 15.2% vs. Exp. 15.2% (Prev. -6.1% )
The Australian building permits data for November came in as expected with a 15.2% month-over-month increase, following a significant contraction of -6.1% in the previous month.
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[MARKET UPDATE] Taiwan's Weighted Index opens up 0.2% as the Nikkei extends on earlier gains, now +1.4%; ASX 200 has reversed earlier gains and is currently flat
Australian Building Permits MoM Final (Nov) M/M 15.2% vs. Exp. 15.2% (Prev. -6.1% )
[MARKET UPDATE] USD/JPY pulls back from session highs of 159.29 to a session low of 159.07, this comes alongside 5-year JGB yields rising to 1.615% (highest since 2000)
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This robust rebound signals potential improvement in the construction sector, suggesting positive momentum for economic growth that could influence future policy decisions.
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