Australian GDP Growth Rate QoQ (Q4) Q/Q 0.8% vs. Exp. 0.6% (Prev. 0.4%, Low. 0.4%, High. 1.0%)
The Australian GDP growth rate for Q4 came in at 0.8%, exceeding expectations of 0.6% and a previous figure of 0.4%.
PRE-MARKET TAIWAN AND SINGAPORE STOCKS NEWS: Acer Gaming Inc. (6908 TT) FY (TWD) rev. rose 28.4% Y/Y to 5.52bln and said it expects revenue to grow each quarter this year with annual sales set to surpass last year’s total
US President Trump's administration is reportedly debating permitting Tencent (700 HK) to keep its gaming investments, according to FT
Australian GDP Growth Rate QoQ (Q4) Q/Q 0.8% vs. Exp. 0.6% (Prev. 0.4%, Low. 0.4%, High. 1.0%)
Bank of Korea Governor Rhee says to hold meeting to review markets, adds to closely monitor for excessive moves in FX and interest rates, will respond if needed on the forex market to prevent herd-like behaviour
US Central Command says they destroyed 17 Iranian ships and no Iranian ships sailing in the Gulf or Strait of Hormuz or Gulf of Oman today
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This strong performance may reinforce a more positive outlook for monetary policy in Australia, possibly influencing the AUD positively against the USD as traders reassess future rate paths in light of this upward surprise.
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