Australian Private House Approvals MoM Prel (Feb) M/M 0.2% (Prev. 1.1%)
The Australian Private House Approvals for February showed a month-over-month increase of 0.2%, a notable slowdown from the previous figure of 1.1%.
United Arab Emirates is preparing to help the US and other allies open the Strait of Hormuz by force, according to WSJ
PRE-MARKET TAIWAN AND SINGAPORE STOCKS NEWS: AUO Corp (2409 TT) said it is submitting samples of power-efficient micro LED modules to customers ahead of the commercial launch of advanced packaging copackaged optics for AI data centres
Australian Private House Approvals MoM Prel (Feb) M/M 0.2% (Prev. 1.1%)
UKMTO received a report of an incident 17 nautical miles north of Qatar's Doha with a tanker hit by an unkown projectile, although crew are reported as safe
[CALENDAR ADDITION] Australian PM Albanese is to address the nation at 19:00 local time tonight (09:00BST/04:00EDT)
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This deceleration may signal waning momentum in the housing sector, suggesting potential implications for broader economic activity. Investors should monitor how this shift could affect sentiment around construction markets and overall GDP growth prospects in Australia.
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