Free Trial
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
AUSTRALIA DATA
The Australian Institute of Petroleum reported that petrol prices nationwide rose 6% in the first week of November to 195.9c. This was the highest since mid-July and is likely to boost inflation expectations. October saw a 7.8% m/m increase driven by the resumption of full fuel duty. Westpac’s consumer confidence survey data was conducted last week and this year higher petrol prices have weighed on sentiment. As a result, it won’t be surprising if we see the series remain soft in the latest reading.
Westpac consumer confidence vs petrol prices
Source: MNI - Market News/Refinitiv/Australian Institute of Petroleum
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok