It’s another very important week locally and international for data and announcements.
Locally, household data in the form of monthly change in home loans on Monday and aggregate household finance statistics on Thursday must be closely watched, following the 25 basis points (0.25%) interest rate by the RBA earlier this month.
Internationally, following the latest EU Summit (where British PM was given the cold shoulder by French PM Sarkozy) the US Federal Reserve is meeting on Wednesday and will release its monthly statement. This could be a further catalyst to ramp up rumor-clinging risk markets.
Other international data will include a brace of manufacturing and service PMI’s and CPI data across North Asia, Europe, UK and the US, all important barometers of growth, and the Italians try to sell more bonds, bonds, bonds.
Here’s the tentative list:
From the Australian Bureau of Statistics (ABS):
Monday: Trade Balance
Thursday: New Motor Vehicle SalesFrom the Reserve Bank of Australia (RBA):
Monday: Home Loans
Thursday: Household Finances (Table B21 – very important data!!!), Business Lending, RBA Quarterly BulletinOther Local and New Zealand data
Tuesday: NAB Business Confidence
Wednesday: Westpac Consumer Sentiment
Thursday: Melbourne Institute InflationInternational:
Monday: Italy 7 billion 12 month bill sales
Tuesday: UK House Prices, Japan BOJ Monthly Report, Hong Kong Industrial Production, UK CPI
Wednesday: US Core Retail Sales, US Business Inventories, US Fed Funds Rate/FOMC Meeting, EU Industrial Production, more Italian bond sales (2016 at 4%…right….)
Thursday: US crude oil inventories, Japan Manufacturing Index, China – HSBC Flash Manufacturing PMI, EU/French and German flash Manufacturing and Services PMI’s, EU Yearly CPI, Spain bond auction
Friday: US PPI, US unemployment claims, US Empire State manufacturing index, US Philly Fed Manufacturing Index, US Core monthly CPI