From Australia, yesterday, NAB Business Confidence figures were released. Australia's December business conditions came in at 7 vs 10, while confidence stood at 3 vs 5, with NAB noting that business confidence remains resilient to financial market turmoil (for now), while business conditions suggest non-mining recovery remains on track. According to NAB Group Chief Economist Alan Oster: “While recent big declines in oil and equity markets highlight potential risks to the global outlook, relatively positive business conditions appear to have, so far, acted to reassure business sentiment”.
There will be no data releases from Australia tomorrow, so we can expect another steadier session. In the US session CB Consumer Confidence figures will be published. Analysts are predicting no significant change.
Figures to watch:
CB Consumer Confidence (Tuesday 16:00)
UK still likely to leave the EU with a negotiated agreement, says Number 10
Sentix Investors Confidence rose to 14.7 in August
German factory orders -4.0% seasonally adjusted on the previous month
China's July exports growth still seen holding up despite U.S. tariffs: Reuters poll
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