Australian Building Permits YoY Prel (Jan) Y/Y -15.7% (Prev. 0.4%)
The significant drop in Australian building permits year-over-year from a previous increase to a decline of 15.7% signals a sharp contraction in the construction sector.
US Embassy in Riyadh was empty at the time of Iranian drone strike and there are no injuries, according to an official cited by Fox News
PRE-MARKET TAIWAN AND SINGAPORE STOCKS NEWS: Compal Electronics Inc (2324 TT) projected PC shipments this quarter could fall 15–20% Q/Q due to seasonal factors and memory chip shortages.
Australian Building Permits YoY Prel (Jan) Y/Y -15.7% (Prev. 0.4%)
PBoC is expected to set USD/CNY mid-point at 6.8816 (prev. 6.9236)
Senior US official confirms the US Embassy in Saudi Arabia was hit in an attack, apparently by a drone, according to N12
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This shift could indicate weakening demand and may pressure growth expectations, potentially prompting discussions around future monetary policy adjustments. Traders should consider the implications for the Australian economy and the impact on related asset classes, including AUD and construction stocks.
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