With the Greek default over (and Kyle Bass making another billion or three), its another big week for local and international data, but it gets off to a slow start.
In Australia, housing finances will be closely scrutinised as the “Houses” 50% of the economy drives the rest.
Further afield, the international data is US centric after the UK, ECB and NZ reserve banks deciding on interest rates, its the turn of the US Fed and Bank of Japan (BOJ), both likely to continue a Zero Interest Rate Policy (ZIRP).
This is going to be a busy one to cover!
From the Australian Bureau of Statistics (ABS):
Tuesday: Housing Finance (Jan 2012)
Wednesday: Dwelling Unit Commencements (Dec 2011)
Thursday: Lending Finance (Jan 2012) and new Motor Vehicle Sales (Feb 2012)From the Reserve Bank of Australia (RBA):
Thursday: Household Finances B21 Table, Bank Lending to BusinessOther Local and New Zealand data
Monday: Labour Day holiday in Victoria only
Tuesday: NAB Business Confidence
Wednesday: Westpace consumer sentiment (AU and NZ)
Thursday: Melbourne Institute inflation expectationsInternational:
Tuesday: US Federal Budget Balance (some balance!) and Retail Sales, BOJ Monetary statement (ZIRP likely), UK Trade Balance
Wednesday: US Fed Monetary statement (ZIRP likely)/Money Supply, EU CPI (France and Italy too)
Thursday: US PPI/unemployment claims/Empire State manufacturing index
Friday: US Philly Fed manufacturing index/CPI/Consumer Sentiment