Australian data for inventories, home loans and job advertisements

<p>Data from Australia. </p><p>Australia Company Gross Operating Profits (Q3) -1.3% q/q</p><ul><li>expected -0.5%, prior -13.1%</li></ul><p> Business inventories q/q 1.2%, this large build in inventories will adding notably to economic growth in Q3 (i.e. GDP)</p><ul><li>expected -0.6%, prior -1.9%</li></ul><p>Company Profits Pre-Tax 1.6% q/q</p><ul><li>prior -14.6%</li></ul><p>—</p><p>Also monthly data, housing finance for October:</p><p>Home Loans +5.6% m/m</p><ul><li>expected +1.1%, prior -0.1%</li></ul><p>Owner Occupier Loan Value +5.6% m/m</p><ul><li>prior +0.8%</li></ul><p>Investment lending for homes (Oct) +5% m/m</p><ul><li>prior +2%</li></ul><p>—</p><p>And, ANZ Indeed Job Advertisements for November -4.6% m/m</p><ul><li>prior -3.4%</li><li>has declined 8.4% over the last three months, but remains high compared to historical levels</li></ul><p>—</p><p>AUD update, the only data it pays much attention toa t present is inflation data. The bul of the movement is on global developments. Powell spoke on Friday, sending risk assets higher. </p>

This article was written by Eamonn Sheridan at www.forexlive.com.