Summary: Business conditions improve in December; business confidence also improves slightly, still below long-term average; NAB: conditions remain strongest in services, noticeable improvement in retail; ACGB yields fall noticeably; rate-cut expectations harden; Westpac: paints picture of relatively stable but sluggish business conditions in Q4 2024; capacity utilisation rate rises to 82.8%. NAB’s business survey indicated Australian business conditions were robust in the first half of 2018, with a cyclical-peak reached...