Free Trial

Long End Leads The Morning Bid


Very Modest Bid Seen


China Repo Rates Rise Friday

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
AUSTRALIA: Bank desk views on today's Australian retail sales data:
- ANZ: Retail sales rose 0.3% m/m in October, a touch stronger than our forecast
but following a downwardly revised September. Clothing sales were strong in
October, and given ongoing retail price competition this likely reflects strong
sales volumes. While consumer confidence remains elevated, households are facing
several headwinds, not least ongoing falls in housing prices and we note the
loss of momentum in retail sales in New South Wales, where house price falls
have been steepest, leaving us cautious about retail sales growth in the months
- TD: Australian retail sales rose by +0.3%/m in Oct. After Q3 GDP disappointed
due to weak growth in consumer spending, this as-expected increase was a relief.
Retail sales accounts for only one-third of actual consumption, where other weak
spots in the Q3 consumption report - utilities and spending associated with
vehicles - are not included in retail sales reports.
- Westpac: Overall though the gain is of some relief given yesterday's
disappointing September quarter update on wider consumer spending.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

To read the full story

Why Subscribe to

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.