Australian Company Gross Profits QoQ (Q4) Q/Q 5.8% vs. Exp. 3.6% (Prev. 1.5%)
The Australian company gross profits for Q4 grew 5.8%, significantly exceeding expectations of 3.6% and a prior quarter of 1.5%.
Goldman Sachs estimates an USD 18/bbl real-time risk premium in crude oil prices and sees impact moderates to + USD 4/bbl if only 50% of Strait of Hormuz flows are impacted for one month
PRE-MARKET TAIWAN AND SINGAPORE STOCKS NEWS: Realtek Semiconductor (2379 TT) FY (TWD) net income fell 4% Y/Y to 14.8bln, sales rose 8% Y/Y to 122.7bln
Australian Company Gross Profits QoQ (Q4) Q/Q 5.8% vs. Exp. 3.6% (Prev. 1.5%)
Taiwan is to hold an energy security meeting on Tuesday, according to Commercial Times
[MARKET UPDATE] Asia-Pac stocks are pressured with all focus on geopolitics after the US conducted strikes against Iran, which then retaliated against the US and allies in the Gulf
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This stronger-than-expected performance may suggest a recovery in corporate profitability, potentially influencing investor sentiment and providing support for the broader economic outlook in Australia.
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