Data just released shows that "Business Conditions" rose to a 21+ index points in October, up from +7 in September and at an all time high since the index began in 1997.
"Business Confidence" was also on the up and holds above its long term average.
The A$US$ has jumped on the back of those readings and we now look to Chinese Industrial Production numbers at 1pm and a speech by outgoing US Fed Chairwoman Yellen overnight, to see if any recovery can be sustained.
Going forward, I'd expect a slow upward grind as we look towards Wednesday nights more important US data and Thursdays local Unemployment report.
I'm busy working on my blog posts. Watch this space!