Here's what's on the economic data/event calendar for today 22 Feb
Greetings one and all from a dark n very stormy UK.
Data wise it's a busy day ahead with the highlight event the release of the FOMC Minutes at 19.00 GMT
via on Australian Commonwealth Government Bonds:
- Australia's government sold A$11 billion of 11-year debt notes
- Its biggest-ever bond transaction
November 2028 securities were priced to yield 3.005 percent, the Australian Office of Financial Management said
Forex news for Asia trading Wednesday 22 February 2017
We got a few news and data items today of note. The day kicked off with a speech from Governor of the Reserve Bank of Australia, Philip Lowe, who offered up no simple, easy, popular solutions (he'll leave that to the politicians) but did highlight some of the challenges facing the Australian economy and the RBA itself. The posts are in the list above, but here they are in one place:
While house prices continued to rise in China in January, the pace slowed again:
- China home prices increased last month in the fewest cities in a year,
- Signaling property curbs to deflate a potential housing bubble are taking effect
From the UK Telegraph, a piece that focuses on an Institute of Directors report:
- "... business people must not wait for the outcome of negotiations before undertaking their own planning and consultation in an attempt to minimise the potential for disruption to existing commercial relationships."
More here at the article (may be gated):
Welcome to www.MesterLive.com ... well, it sure feels that way!
From earlier today:
- from earlier (the first link, above) if you want more.
The second link there is to her remarks from the Bloomberg interview. the full video interview is up on Bloomberg's page now:
House prices still on the up, but the pace of gains slowing a tad
- All China new home prices +12.2% y/y (December +12.4%)
- Beijing new home prices +24.7 pct y/y (December +25.9 pct) ... unchanged m/m
Kuroda speaking in parliament (does he still have an office at the Bank of Japan? .... why does he even bother?)
- FX level affects economy, prices
- Unlikely that oil prices will drag down the CPI going forward
more to come
Build me up, buttercup (or not, I suppose)
Comes in at -0.2% q/q
- A big miss on the consensus median estimate of +0.5%
- The prior was -4.4%, revised from -4.9% (good news if you like archaeology and stuff :-D ... i.e that's a revision to July - September 2016 data).
For the y/y, comes in at -7.8%
Australian Q4 Wage Price Index
- expected +0.5% q/q, prior +0.4%
+1.9 % y/y
- expected +1.9% y/y, prior +1.9%
- At 1.9% y/y, its at a record low (since this data series commenced)
Slow wages growth evident in this data.
Says she is comfortable with rates going higher
- Need to see Trump policies before assessing impact
Hardly surprising Mester is comfortable with hikes, she was all over the news on Monday with similar comments: