Coming up from Australia today, some lower-tier economic data … but it all goes in the mix.
Most focus is already turning to next Tuesday (November 4), the market is looking forward to a HUGE day drinking and watching the Melbourne Cup horse racc meeting …. errr … I mean soberly watching the RBA policy meeting.
At 0030GMT
Q3 PPI:
- For the q/q, prior was -0.1%
- For the y/y, prior was +2.3%
These figures only come out once a quarter in Australia
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Also, again at 0030GMT … Private Sector Credit m/m for July, September
- expected is +0.4%, prior was +0.4%
Private Sector Credit y/y for July, September ,
- expected is +5.3%, prior was 5.1%
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Yep, the November RBA meeting is a big day … but not as big as the hangovers
