Australian Household Spending MoM (Nov) M/M 1.0% vs. Exp. 0.6% (Prev. 1.3% )
Australian household spending in November rose by 1.0%, surpassing expectations of 0.6% but slightly below the previous month's growth of 1.3%.
[MARKET UPDATE] US equity futures see another modest leg lower (ES -0.4%, NQ -0.5%) following comments from US President Trump and Fed Chair Powell; Debt futures, precious metals and JPY continue rising
US President Trump says "Iran is starting to cross it [Trump's red line]"
Australian Household Spending MoM (Nov) M/M 1.0% vs. Exp. 0.6% (Prev. 1.3% )
US President Trump says we are going to have Greenland, one way or another
White House says it was displeased with Exxon’s (XOM) reaction; Officials hint that Exxon might be kept out with regards to Venezuela
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This beat suggests robust consumer demand, potentially reinforcing confidence in economic recovery and influencing the outlook for monetary policy in Australia, particularly as it relates to inflationary pressures.
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