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Market Update 4 Dec

Bell Direct
December 4, 2019

Australian economic growth data is to be released today at 11:30am, which is likely to have growth in the third quarter to 1.7% year on year, driven by government spending on infrastructure and exports. The third quarter itself is forecast to rise 0.5%. But economic growth will need to charge much faster than that, to meet the RBA’s target for yearly growth of 2.6% by mid 2020. Santos announces its production will grow 8% pa to 2020, and CSL reinforces it’s the biggest player in blood plasma collection in the world.

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