Australian sentiment stays cautious after August CPI came in hotter than expected, keeping rate-hike expectations alive ahead of the central bank's early November meeting. Building
Australian sentiment stays cautious after August CPI came in hotter than expected, keeping rate-hike expectations alive ahead of the central bank's early November meeting. Building permits dropped sharply in August, well beyond forecasts, adding a construction soft spot to the inflation picture. Meanwhile, Chinese services and composite activity expanded modestly in September, a mildly supportive signal for Australia's key export partner.
Sources
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