The big event in Australia today is the Reserve Bank of Australia announcement, preview is here and here
But ... while we wait, January building approvals data ...
+7.9 % m/m
- expected -2.0%, prior was -2.8%, revised from -3.3%
+9.1% y/y,
- expected -1.7%, prior was +9.6%, revised from +8.8%
-
Stronger data from Australia this morning ... a very good, well above expectations, jump for building approvals.
- Total building approvals (19,282) are at a record high
