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Australia’s Treasurer Josh Frydenberg  expresses his exuberance following the releases of upbeat Westpac and NAB Business Survey.

Frydenberg tweeted out, “Consumer sentiment is up 6.2% in April, soaring to an 11 year high according to @Westpac.”

On Tuesday, he said: “According to @NAB, business conditions have risen to a record high in March, with all states & territories positive.”

Meanwhile, on the discouraging AstraZeneca Plc. covid vaccine reports, Frydenberg said that  the setbacks in the vaccine rollout should not” derail momentum in our economic recovery”.

“ With the successful suppression of the virus and substantial reopening of the economy both household and business confidence are now higher than before the pandemic,”  he added.

Australia reported on Tuesday that a second person had been diagnosed with a blood clot after receiving the AstraZeneca vaccine but there had been no rise in inoculation cancellations, per Reuters.

Market reaction

more to come ….

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