From Australia, NAB Business Confidence figures were released yesterday. Business confidence has been relatively steady in recent months, with resilient domestic factors helping to offset concerns on the global stage. Business confidence remained at +3 index points in February, and while this is slightly below average, positive business conditions are encouraging in the current environment. Mr Oster says that, “with global market volatilities starting to abate as well, positive confidence levels suggest the risk of contagion from financial markets has probably fallen compared to recent months”.
Tomorrow, from Australia, Westpac Consumer Sentiment figures will be released. Analysts are hoping for a better reading this month. Also, Home Loans figures will be published. Decline by 2.7% is anticipated.
Figures to watch:
Westpac Consumer Sentiment (Wednesday 00:30)
Home Loans (Wednesday 1:30)
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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