Australia Business Conditions and Confidence Jump Ahead of RBA Decision

Australian shares seesaw ahead of Reserve Bank decision

The ASX200 has been moving in and out of positive territory as traders for the latest decision from the Reserve Bank on interest rates.

Australia Business Conditions and Confidence Jump Ahead of RBA Decision

Australian business conditions jumped as sales, profitability and employment surged while confidence also climbed, suggesting a recovery in the corporate sector may be unfolding in line with the Reserve Bank’s easing cycle.

Australia's NAB Business Confidence Rises To 5, Conditions Rebound To 9 - Data Intelligence

Australia’s business sentiment improved sharply in June, with NAB Business Confidence rising from 2 to 5, its highest trend level in over a year. Business Conditions surged from 0 to 9 after weakening for five straight months. The rebound was broad-based, with trading conditions jumping from 5 to 15, profitability returning to positive territory from -5 at 4, and employment conditions edging up from to 3. On the pricing side, signals were mixed.…

Australia's NAB business confidence rises to 5, conditions rebound to 9 - Action Forex

Australia’s business sentiment improved sharply in June, with NAB Business Confidence rising from 2 to 5, its highest trend level in over a year. Business Conditions surged from 0 to 9 after weakening for five straight months. The rebound was broad-based, with trading conditions jumping from 5 to 15, profitability returning to positive territory from […] The post Australia’s NAB business confidence rises to 5, conditions rebound to 9 appeared fi…