On the calendar for today
2245GMT - New Zealand - trade balance for June
- expected 150m surplus, prior +103m
Exports expected 4.6bn NZD, prior 4.95bn
Imports expected 4.40bn, prior 4.85bn
2300GMT - US President Trump speaking
- Trump's comments can be market moving, 'political risk' is the catch-all for this
2350GMT - Japan - PPI for Services, June
- expected 0.8% y/y, prior 0.7%
Some signs of inflation , at least at the producer level, are creeping in for Japan
0130GMT - Australia - Q2 CPI
We get official inflation data from Australia quarterly, not monthly like many other economies. So this is a big deal data point.
I posted some previews here: Australian Q2 inflation data due this week - preview
and I'll have more to come.
0130GMT - Bank of Japan Deputy Governor Hiroshi Nakaso
- Speaking at a meeting with business leaders in Hiroshima
0305GMT - Australia - Reserve Bank of Australia
- Speech by Philip Lowe, Governor
- Topic is "The Labour Market and Monetary Policy"
The RBA is very much focused on the labour market, both on jobs growth (which has been improving in the past quarter) and wage growth (which has been tepid at best). Preview to come.
