Much better-than-expected Australian retail sales

FXstreet.com (Barcelona) - Australian Retail Sales for September came at +0.8% on a monthly basis vs. +0.4% expected and 0.4% in August. Meanwhile, Australia's ANZ job advertisements for October came almost flat at -0.1% m/m vs prior +0.2% prior. Lastly, Australian house price index for Q3 were +1.9% q/q vs +2.2% expected, yearly came in at +7.6%.

According to Warren Hogan, ANZ's Chief Economist, said the following from his Twitter account: "Australia's Job ads broadly stable over the past 2 months is suggesting worst of the labour market weakness is behind us. No real signs of a pick up yet."