Australian Household Spending MoM (Dec) M/M -0.4% vs. Exp. 0.2% (Prev. 1.0%)
The December Household Spending data from Australia came in significantly below expectations, showing a decline of 0.4% instead of the anticipated 0.2%.
Angolan Inflation Rate YoY (Jan) Y/Y 14.56% (Prev. 15.70%)
Australian Household Spending YY (Dec) 5.0% vs Exp. 5.8% (Prev. 6.3%, Rev. from 6.0%)
Australian Household Spending MoM (Dec) M/M -0.4% vs. Exp. 0.2% (Prev. 1.0%)
[MARKET UPDATE] Nikkei 225 extends on record highs with the index up over 5% to reach 57,000 with the Takaichi trade bolstered following the strong election win
PBoC is expected to set USD/CNY mid-point at 6.9334 (prev. 6.9590)
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This miss, coupled with a previous month's strong gain of 1.0%, suggests potential weakening consumer sentiment, which may influence future monetary policy and economic growth outlook in Australia.
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