Bank of Japan 'Summary of Opinions' from the January meeting and Australian Q4 CPI the focus (OK, foci, but focuses is also OK apparently) today

Heads up for some NZ first - at 2130 GMT the finance minister will be speaking (half yearly update)

2350 GMT BOJ Summary of Opinions from the January meeting

  • The summary of the meeting comes out a week-odd after the meeting, preceding the full minutes by 6 or so weeks
  • The January meeting was an on hold: No change to monetary policy

Also at 2350 GMT from Japan, eco data

  • Industrial Production m/m for December (preliminary reading), expected is 1.5%, prior was 0.5%
  • Industrial Production y/y for December (preliminary), expected is 3.3%, prior was 3.6%

0001 GMT - UK data

  • GfK consumer confidence for January, expected -13, prior -13
  • BRC Shop Price Index for January, expected -0.4%, prior -0.6%
  • Lloyds Business Barometer for January, prior 28

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0030 GMT - Australia - Q4 inflation data

The 'headline' result is the q/q CPI for Q3:

  • expected is +0.7%,
  • prior was +0.6%

For the y/y, expected is 2.0%, prior 1.8%

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For the 'trimmed mean' (which is the measure the RBA pays most heed to): it is the 'core' inflation figure where the RBA target band is 2 -3%.

For the q/q:

  • expected 0.5%,
  • prior 0.4% q/q

For the y/y: expected is 1.8%, prior 1.8% (note, both below the minimum of the target band)

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Finally, there is the 'weighted median' CPI:

  • For q/q: expected is 0.4%, prior was 0.3%
  • For y/y: expected is 1.9%, prior was 1.9%

Some previews posted already:

And, I'll have more to come on this separately

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Also at 0030 GMT from Australia, private sector credit for December

  • expected 0.5% m/m, prior 0.5%
  • expected 5.2% y/y, prior 5.4%

I'll have more to come on this separately

0100 GMT - China - official PMIs

Manufacturing PMI for January

  • expected 51.6
  • prior 51.6

And also the Non-manufacturing PMI for January

  • expected 54.9
  • prior 55.0

I'll have a preview of this to come, but last week we got some encouragement from early indicators: China January PMIs - 3 of 5 indications are looking good

0110 GMT - Japan - Bank of Japan buying JGBs today

  • 1-3, 3-5, 10-25, 25+ years

0200 GMT - USA - President Trump gives his State of the Union speech

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