Australian data for inventories, home loans and job advertisements

Data from Australia.

Australia Company Gross Operating Profits (Q3) -1.3% q/q

• expected -0.5%, prior -13.1%

Business inventories q/q 1.2%, this large build in inventories will adding notably to economic growth in Q3 (i.e. GDP)

• expected -0.6%, prior -1.9%

Company Profits Pre-Tax 1.6% q/q

• prior -14.6%

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Also monthly data, housing finance for October:

Home Loans +5.6% m/m

• expected +1.1%, prior -0.1%

Owner Occupier Loan Value +5.6% m/m

• prior +0.8%

Investment lending for homes (Oct) +5% m/m

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And, ANZ Indeed Job Advertisements for November -4.6% m/m

• prior -3.4%
• has declined 8.4% over the last three months, but remains high compared to historical levels

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AUD update, the only data it pays much attention toa t present is inflation data. The bul of the movement is on global developments. Powell spoke on Friday, sending risk assets higher.