News Headline Summary

As AUD/USD edged lower after the release of the lower-than-previous Capex estimate, the odds of a rate cut on 6th December has risen in the overnight index swap market

- The implied chance of a rate cut priced into the overnight index swap rate has increased to 71% versus previous 63%.
- The capital expenditure estimate for 2012/13 came in AUD 173.4bln (Previous estimate AUD 181.5bln).

29 Nov 2012 - 02:03 - Equities - Source: RANsquawk/IFR

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