At 0030GMT

  • Trade balance for December, expected is -200m, prior was -118m
  • Retail Sales for December, expected is 0.5%m/m, prior was much stronger than expected at +0.7%
  • We also get Retail Sales (ex. inflation) for the 4th quarter, expected is 1.2%, prior 0.7%. It is the m/m data that will be the most focus for the market
  • National Australia Bank quarterly business confidence for Q4, prior was 3 (we get NAB business confidence and conditions data released monthly also, so this data point is old news)