RBC RESEARCH 'The Week Ahead': -..........>

AUSTRALIA: RBC RESEARCH 'The Week Ahead':

- Tuesday RBA minutes - RBC expect the relatively upbeat themes of the October

statement to be fleshed out further, with more detail on the RBA's thinking on

business investment and conditions as a key topic to watch for as the non-mining

capex outlook improves. The Labour market should receive attention again given

the continues strength of data, discussions on wage growth will likely remain

unchanged assuming on gradual pick up. "The positive global story should stay

consistent with the RBA's narrative of an upturn since late last year, which

ties in with the IMF's October WEO lifting global growth projections for this

year and next by 0.1%"

- Thursday Labour Data: "We are looking for strength to continue as leading

indicators including job vacancies, job ads, and the NAB business survey all

point to another month of robust jobs growth. Last month saw another strong

result with a +54.2k headline increase in jobs for the month and strength in the

detail, with unemployment managing to hold steady at 5.6% despite the

participation rate rising to 65.3%, the highest level since 2012."