Asia Market News: Nikkei Slides Again on Rising Producer Prices
ASX200 Daily Chart 120324
Financial indications from Australia stopped working to sidetrack financiers from the upcoming United States CPI Report. The AUD/USD was up 0.05% to $0.66167 regardless of better-than-expected company self-confidence figures.
The NAB Business Confidence Index slipped from +1 to 0 in February. Financial experts anticipate a drop to -1.
According to the February Survey,
Forward orders decreased, while trading and success enhanced midway through the very first quarter.
Work conditions enhanced, though labor expenses stayed consistent.
Significantly, end product rates and list prices trended greater.
The upward pattern in list prices will likely draw the interest of the RBA, which left a rate trek on the table in February.
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