New Zealand, UK, Japanese data on the calendar during Asia today
Japanese Q2 GDP is the big one
2230GMT - New Zealand - Servcies PMI for July, prior 56.7
2301GMT - UK - Rightmove house prices for August, prior -0.9% m/m & +4.5% y/y
2350GMT - Japan - GDP
- GDP (seasonally adjusted) for Q2, preliminary, q/q: expected 0.2%, prior 0.5%
- GDP Annualized (seasonally adjusted) for Q2, preliminary y/y: expected 0.7%, prior 1.9%
- GDP Nominal (seasonally adjusted) for Q2, preliminary q/q: expected 0.2%, prior 0.6%
- GDP Deflator y/y for Q2, preliminary: expected 0.7%, prior 0.9% (the deflator is an inflation measure and it takes on an outsized role in terms of interest ... but note it is still nowhere near the BOJ's 2% inflation target. Yeah, I know we haven't got the result yet so its too early to say that, but you can lock it in ... 'nowhere near').
- GDP Consumer Spending y/y for Q2, preliminary q/q, expected is 0.2%, prior was 0.6%
- GDP Business Spending y/y for Q2, preliminary q/q: expected 0.2%, prior was -0.7%
Later, at 0430GMT - Japanese Industrial production for June (final)