
In recent economic reports, Australia reported a notable increase in gross company profits, which rose by 5.9% compared to a forecast of 1.8% and a previous decline of 4.6%. However, the Australian current account balance showed a deficit of AUD 14.1 billion, worsening from the previous deficit of AUD 10.7 billion. In the UK, January mortgage approvals reached 66,189, slightly above the expected 65,500, while net consumer credit was reported at GBP 1.74 billion, exceeding the forecast of GBP 1.2 billion. Additionally, UK net mortgage borrowing saw its largest increase since September 2022, indicating continued activity in the housing market as buyers rush to finalize transactions before a tax increase. In the U.S., the auction for 3-month bills attracted bids totaling $594 million, with a high yield of 4.21%, while the 6-month bills had a high yield of 4.135%. The bid-to-cover ratios were 2.77 for the 3-month bills and 3.27 for the 6-month bills. In New Zealand, building consents improved by 2.6% in January, reversing a previous decline of 5.6%.
