Australian data: January building approvals miss expectations, Q4 inventories slump ...Middle East

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Australian data: January building approvals miss expectations, Q4 inventories slump
January building approvals (lower) and Q4 inventory and profits data:Company profits have surged, firms have taken advantage of the high inflation narrative to gouge. If you are the shareholder of a firm that hasn't reaped huge profits you'll be wanting to fire the board. That inventories number is a worry for the GDP report due this week (Wednesday Australia time), it'll lop around 1% off economic growth in Q4. This article was written by Eamonn Sheridan at www.forexlive.com.

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