Separate report on NAB Business Confidence showed that the National Australia Bank's (NAB) business confidence index fell 9 points to +12 index points in November but is still well above the long-run average of +5. Meanwhile, business confidence is retreated from +9 (last month) to +6 in November. There has been a notable downward trend in the series since around the middle of the year. According to Alan Oster, NAB Group Chief Economist, “we expected to see last month’s spike in business conditions unwound fairly quickly as it both came as a bit of a surprise, and was also out of sorts with what we were seeing in some of the other leading indicators from the survey, such as forward orders.''

Thursday's session brought Australian job figures. Seasonally adjusted employment increased by 61,600 persons from October to November 2017 (following a combined increase of 28,600 over the preceding 2 months). The underlying composition of the net change was an increase of 41,900 persons in full-time employment and a 19,700 increase in part-time employment. Since November 2016, full-time employment has increased by 304,600 persons, while part-time employment has increased by 78,700 persons. The seasonally adjusted unemployment rate remained steady for the third consecutive month at 5.4 per cent in November 2017.

From China Industrial Production report was released. Industrial output was up 6.1 percent in November year-on-year, versus forecasts for an increase of 6.0 percent, but below the 6.2 percent gain in October. China’s fixed-asset investment growth also slowed to 7.2 percent in the January-November period, from the 7.3 percent expansion in the January-October months.

This week markets will be looking at:

Monetary Policy Meeting Minutes (Tuesday 1:30)