Ahead, the important news will continue to be on business expectations for the economy, the extent to which the non-mining parts of the economy can lift and whether the quite favourable conditions on the global economy can filter through to a floor in commodity prices.
House prices, as always, will be fun to watch – are we witness the early stages of the downturn? Certainly outside Sydney and Melbourne prices have cooled and the approach from APRA and the bank approach to differential interest rates for investors versus owner-occupiers suggests prices will soon start to ease.
As always, fun times ahead. The Aussie dollar is now entering an overshoot and bond yields should continue to grind higher.