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Australian Home Loans rose by 0.3%

Wednesday, Dec 10 2014

While analysts were predicting 0.2% increase, latest release on Home Loans showed 0.3% raise in October on a seasonally adjusted basis.  The total value of dwelling finance commitments excluding alterations and additions rose 1.0%. 

 

Earlier this morning the  Westpac-Melbourne Institute Consumer Sentiment Index figures were released showing fall by 5.7% in December from 96.6 in November to 91.1 in December.  The Index is now at its lowest level since August 2011 when it briefly fell below 90. Prior to that you have to go all the way back May 2009 to see a period when the Index printed consistently below today’s level.

 

However, data was of little impact on the markets which were awaiting for Chinese CPI and PPI figures. After initial decline, Aussie rebounded and is currently being traded few points above 0.8320 level.

Last modified on Wednesday, 10 December 2014
More in this category: « JOLTS Job Openings rose to 4.8 million in October China CPI increased by 1.4% in November, less than expected »

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