Key events coming up - ANZ

Analysts at ANZ offered an insight into the day ahead.

Key Quotes:

"On the data front there is volume of buildings (10.45am) and ANZ commodity price index (1.00pm). The main focus will be interim RBNZ Governor speech on “Low inflation and its implications for monetary policy”. Given the RBNZ’s previous focus on structural drivers having kept the lid on inflation, this is likely to be focal point."

"This will emphasise an on hold view for some time. Offshore the focus will be on Australia retail sales, current account, RBA decision and Chinese PMIs."

"Our Australian colleagues expect another soft reading for retail trade (+0.2%) as households continue to face the challenging mix of weak wage growth, record high debt and moderating house price growth and a 4% jump in petrol prices. The current account deficit is expected to narrow slightly to AUD9.4bn in Q3 (2.1% of GDP) largely due to modestly smaller trade surplus."