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In Australia over the coming week, the handing down of the Federal Budget dominates. As Treasurer Scott Morrison indicated this week, the government’s finances are better than expected – in fact around $7 billion better than expected. That is because consumers are indeed spending, people are getting jobs, the global economy is stronger and companies are operating efficiently. Based on leaks, announcements and speculation so far, the budget will be focused on tax cuts and infrastructure spending.
Inflation readings dominate in China and the US in the coming week. The other point of interest is Chinese trade figures, especially given the current stoush on trade issues with the US.

Published by Ryan Felsman, Senior Economist, CommSec