7 Dec 2015
Key economic releases for Asia this week – TDS
FXStreet (Delhi) – Research Team at TDS, lists down the key economic releases for the current week.
Key Quotes
“AUD: A likely –10k dip in employment the marquee event on Thu, but consumer (Wed) and business confidence (Tue) worth a glance. Will recent optimism fade or continue into 2016?
NZD: The RBNZ steps up on Thu and we expect it to front-run the U.S. FOMC and cut the cash rate by -25bp to 2.5% and signal more is possible for 2016. If it doesn’t, NZD TWI will jump even higher and the RBNZ will miss its inflation target for even longer. Nov home sales and prices worth a look for more evidence of slowing post macro-tools and Q3 manufacturing is the final Q3 GDP puzzle piece.
CNY: Trade for Nov is released Tue, where we are with mkt for exports but see upside to imports, for a smaller trade surplus. Nov inflation update on Wed, where we see downside to CPI at 1.2% (mkt +1.4%) and downside PPI at 6.0% (mkt –5.9%). We see upside to IP and retail sales on Sat, the first due to the average PMI pop, the latter due to structural change.”
Key Quotes
“AUD: A likely –10k dip in employment the marquee event on Thu, but consumer (Wed) and business confidence (Tue) worth a glance. Will recent optimism fade or continue into 2016?
NZD: The RBNZ steps up on Thu and we expect it to front-run the U.S. FOMC and cut the cash rate by -25bp to 2.5% and signal more is possible for 2016. If it doesn’t, NZD TWI will jump even higher and the RBNZ will miss its inflation target for even longer. Nov home sales and prices worth a look for more evidence of slowing post macro-tools and Q3 manufacturing is the final Q3 GDP puzzle piece.
CNY: Trade for Nov is released Tue, where we are with mkt for exports but see upside to imports, for a smaller trade surplus. Nov inflation update on Wed, where we see downside to CPI at 1.2% (mkt +1.4%) and downside PPI at 6.0% (mkt –5.9%). We see upside to IP and retail sales on Sat, the first due to the average PMI pop, the latter due to structural change.”