18 Dec 2014
Key events to come - Westpac
FXStreet (Guatemala) - Sean Callow, analyst at Westpac Banking Corporation ABN noted a limited calendar of events ahead in Asia but leads us into Europe and the US.
Key Quotes:
“Australia’s calendar is limited to the RBA’s Dec Bulletin and balance sheet data, with no reason to expect intervention. At 12:30pm Syd/9:30am local, we see China Nov property prices. In Oct, 100% of cities reported falling prices for newly constructed homes and 90% of existing homes. The signs of stabilization in existing homes in Shanghai and Beijing in Oct provide some hope of a turn in the market. Taiwan CB’s policy review should be low key as usual, holding steady at 1.875%”.
“The Dec IFO survey of German business sentiment is expected to improve to 105.5 from 104.7 in Nov, with some help from lower oil prices. This would be a much milder increase than seen in the Dec ZEW investor survey this week”.
“Event risk continues for GBP, with UK Nov retail sales due. Consensus is 0.3% m/m, 4.5% y/y ex-autos, quite robust. In the US, initial jobless claims cover the week of the Dec payrolls survey”.
“The Dec Philly Fed index is seen pulling back from Nov’s extraordinarily strong 40.8 headline to a still healthy 26”.
Key Quotes:
“Australia’s calendar is limited to the RBA’s Dec Bulletin and balance sheet data, with no reason to expect intervention. At 12:30pm Syd/9:30am local, we see China Nov property prices. In Oct, 100% of cities reported falling prices for newly constructed homes and 90% of existing homes. The signs of stabilization in existing homes in Shanghai and Beijing in Oct provide some hope of a turn in the market. Taiwan CB’s policy review should be low key as usual, holding steady at 1.875%”.
“The Dec IFO survey of German business sentiment is expected to improve to 105.5 from 104.7 in Nov, with some help from lower oil prices. This would be a much milder increase than seen in the Dec ZEW investor survey this week”.
“Event risk continues for GBP, with UK Nov retail sales due. Consensus is 0.3% m/m, 4.5% y/y ex-autos, quite robust. In the US, initial jobless claims cover the week of the Dec payrolls survey”.
“The Dec Philly Fed index is seen pulling back from Nov’s extraordinarily strong 40.8 headline to a still healthy 26”.