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Australia Gross Domestic Product (QoQ) came in at 0.9%, above expectations (0.8%) in 3Q

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Dairy expectations kicked down the road - ANZ

Analysts at ANZ noted that the dairy prices improved overnight, with WMP up 5.3% and the GDT-TWI lifting 3.6%. Current market expectations are for a further lift at the second auction in December. The key question is whether this enough – combined with other forward looking indicators – for Fonterra to hold their milk price forecast of $4.60/kg MS?
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Australia Gross Domestic Product (YoY) came in at 2.5%, above forecasts (2.4%) in 3Q

Australia Gross Domestic Product (YoY) came in at 2.5%, above forecasts (2.4%) in 3Q
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