Australia: Lift in consumer confidence? - TDS

According to analysts at TD Securities, Australia’s consumer sentiment in April is expected to lift in a positive response to large tax cuts and near-term cash payments.

Key Quotes

“March saw a decent correction of -4.8% to 98.8, and we look for a closer-to-neutral print of 100.”

“A short while later RBA Deputy Governor Debelle is speaking about "The State of the Economy" at an AmCham lunch. Markets will be looking for confirmation that an easing bias is coming. We don't see it.”