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28 Nov 2018

Australia: Q3 private capital expenditure expected to post a modest lift of +0.5% - TDS

In view of analysts at TD Securities, Australia’s Q3 private capital expenditure (capex) is expected to only post a modest lift of +0.5%/q via flat non-residential building and a small lift in plant and equipment (mkt +1%/q).

Key Quotes

“The fourth estimate for current 2018-19 spending is expected to lift from $A102bn to $A110bn in original terms, with a pickup in non-mining investment commensurate with optimistic business surveys (mkt $A108.5bn).”

Nov 28, 2018

USD/JPY turns negative near 113.70 ahead of GDP

Declining yields in the US money markets are now weighing on USD/JPY, motivating it to recede to the 113.70 area, or daily lows. USD/JPY looks to US
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Nov 28, 2018

France: Encouraging outlook – ING

The French economic outlook still looks encouraging as business confidence surveys showed in November, according to Julien Manceaux, Senior Economist
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