Australian Business Confidence Surges – Deutsche Bank
David Plank, Macro strategist at Deutsche Bank, notes that in Australia
the NAB business survey reported a rise in confidence and conditions.
Key Quotes
“Business
conditions rose to 12, the highest level since the global financial
crisis. The employment index was higher, rising to its highest level
since 2011.
In NZ house sales accelerated to an annual gain of
8.2%, up from 5.7%yoy in February. Regional NZ is gaining strength with
the median house price excluding Auckland up 10%yoy.
Highlights
for the day ahead include German wholesale prices, Sweden’s CPI, the
UK’s CPI and PPI, small business sentiment in the US and China’s trade
number numbers for March. There are a couple of Fed speakers, including
the San Francisco Fed’s Williams.”
(Market News Provided by FXstreet)
