A busy data agenda today, focus on Australian and Chinese data, bolded below
2230 GMT Australia manufacturing PMI for August
- AIG Performance of Manufacturing index, prior was 52.0
2245 GMT New Zealand Terms of Trade Index for Q2 2018
- expected to be a wee bit of positive news for NZ at +1.0% q/q
- prior -1.9%
2300 GMT brings the second (of two) manufacturing PMIs from Australia
- CBA Manufacturing PMI for August, prior was 52.4
2350 GMT from Japan, Q2 data for:
- Capital Spending y/y, expected 6.5%, prior was 3.4%
- Capital Spending excluding software y/y, expected 7.4%, prior was 2.1%
- Company profits, prior was 0.2%
- Company sales, prior was 3.2%
0000 GMT Australia house prices, CoreLogic for August
- The two huge markets in Australia, Sydney and Melbourne, have seen falls in their indexes; the impact of these two huge markets on the Australia-wide index is substantial.
0030 GMT Japan Nikkei / Markit Manufacturing PMI for August, final
- preliminary (flash reading) was 52.5
- prior was 52.3
0100 GMT Australia, Melbourne Institute (MI) Inflation Gauge for August
- prior was 0.1% m/m and 2.0% y/y
- Trimmed mean' was 0.0% change m/m, and for the y/y 2.1%
0130 GMT Australia, more indicators for the Q2 GDP that'll publish September 5
- Company operating profit for Q2, expected is 1.3% q/q, prior was 5.9%
- Company inventories for Q2 (sa) expected is 0.2% q/q change, prior was 0.7%
- Inventory is an input to GDP, its a volatile data point and difficult for the forecasters
0130 GMT Australia Retail Sales for July
- expected 0.3% m/m, prior 0.4% m/m
- I'll have more to come on this separately
0130 GMT Australia ANZ job ads for August
- prior +1.5% m/m
0145 GMT China Caixin / Markit Manufacturing PMI for August
- expected 50.7, prior 50.8
Last week we got the official PMIs,
Today its the private survey result (a different survey with more emphasise on slightly smaller firms)
0200 GMT New Zealand Treasury publishes its Monthly Economic Indicators, likely to lose some lustre on dramatically falling business confidence
Later we get Japanese auto sales (0500GMT), Bank of Japan Governor Kuroda speaking (0540GMT) and Australian exports price indications (0630GMT)
