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31 Dec 2014
Trading conditions light, Australian housing credit impressive – TradeTheNews
FXStreet (Barcelona) - The TradeTheNews Team shares that Australia’s housing credit growth was impressive after increasing by 0.6% on the month, further noting that trading conditions are particularly light with the Nikkei and Korea closed for holidays.
Key Quotes
“Trading conditions are particularly light in the final session of 2014. In Japan, Nikkei225 was already closed for holidays after registering its 3rd consecutive year of gains, while Korea was also closed and Australia was out early.”
“A press report out of Japan speculated the govt issuance of JGBs in FY15 would fall to ¥37T, below ¥41.3T budgeted for this year and below ¥40T for the first time in 6 years.”
“In Korea, central bank Gov Lee pledged to keep monetary policy accommodative in 2015, even as Fin Min Choi forecasted next year's economic performance to improve due to lower oil price and govt policies.”
“Australia put out its November private sector lending, showing a 5-year high rate of increase y/y at 5.9%. Housing credit growth was particularly impressive, rising another 0.6% on the month, while personal and business credit components both rose 0.2%.”
Key Quotes
“Trading conditions are particularly light in the final session of 2014. In Japan, Nikkei225 was already closed for holidays after registering its 3rd consecutive year of gains, while Korea was also closed and Australia was out early.”
“A press report out of Japan speculated the govt issuance of JGBs in FY15 would fall to ¥37T, below ¥41.3T budgeted for this year and below ¥40T for the first time in 6 years.”
“In Korea, central bank Gov Lee pledged to keep monetary policy accommodative in 2015, even as Fin Min Choi forecasted next year's economic performance to improve due to lower oil price and govt policies.”
“Australia put out its November private sector lending, showing a 5-year high rate of increase y/y at 5.9%. Housing credit growth was particularly impressive, rising another 0.6% on the month, while personal and business credit components both rose 0.2%.”