Japan is on holiday today – that will diminish liquidity somewhat during the timezone.

Economic data due today:

2145GMT – New Zealand Food price index for September, prior was +0.3% m/m change

0030GMT – Australia Credit Card balances for August (prior A$49.4bn) and credit car purchases 9prior $A23.4bn)

0200GMT – China trade balance for September, expected is $41.10bn, prior was $49.84bn

  • exports y/y, expected is +12.0% and prior was +9.4%
  • imports y/y, expected is -2.0%, prior was -2.4%

China trade balance data is the big one. Last month was a record trade surplus, and there are expectations that exports will climb again this month (i.e. September data).