Australian GDP Growth Rate YoY (Q4) Y/Y 2.6% vs. Exp. 2.2% (Prev. 2.1%, Low. 1.9%, High. 2.5%)
The Australian GDP growth rate for Q4 came in at 2.6%, exceeding expectations of 2.2%.
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 YoY (Q4) Y/Y 2.6% vs. Exp. 2.2% (Prev. 2.1%, Low. 1.9%, High. 2.5%)
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 stronger-than-anticipated growth could support a more hawkish stance from the Reserve Bank of Australia, influencing rate expectations and potentially strengthening the AUD against other currencies during the Asian session.
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