Annette Beacher, chief Asia-Pacific macro strategist at TD Securities, points out that Australia’s December quarter private sector capital expenditure (capex) rose by a stronger-than-expected +2.0%/q (mkt +1%), with doves being left empty-handed. Key Quotes “The first ‘guess’ for 2019/20 capex was $A92.1b, a combination that did not disappoint.” “The quarterly component that feeds into GDP””plant & equipment””rose by +0.7%/q. While we had expected a flatter print, the upside is too marginal to influence our tracking for Dec qtr at +0.4%/q and 2.6%/y. In Q4, Manufacturing -4.4%/q, mining -4.3%/q, but services jump +5.6%/q.” “Today’s report doesn’t materially impact RBA thinking as business investment wasn’t on the priority list of downside risks to the economy. While a positive report, the market focus will revert to house price deflation and the impact on the consumer, as well as employment and wage trends.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next China: A silver lining in the PMI’s dip – ANZ FX Street 4 years Annette Beacher, chief Asia-Pacific macro strategist at TD Securities, points out that Australia's December quarter private sector capital expenditure (capex) rose by a stronger-than-expected +2.0%/q (mkt +1%), with doves being left empty-handed. Key Quotes "The first 'guess' for 2019/20 capex was $A92.1b, a combination that did not disappoint." "The quarterly component that feeds into GDP"”plant & equipment"”rose by +0.7%/q. While we had expected a flatter print, the upside is too marginal to influence our tracking for Dec qtr at +0.4%/q and 2.6%/y. In Q4, Manufacturing -4.4%/q, mining -4.3%/q, but services jump +5.6%/q." "Today's report doesn't materially impact RBA thinking as… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
