Its another packed calendar today
2245GMT - New Zealand - Terms or trade index for Q2
- expected is +3.0% q/q, prior was +6.4%
- Export prices have risen while the fall in crude has lowered the price for imports
From Australia today, two manufacturing PMIs
2300GMT - Commonwealth Bank Manufacturing PMI (with Markit)
- prior 54.4
2330GMT - Australian Industry Group Performance of Manufacturing Index for August
- prior 56.0 for its 10th consecutive month in expansion
2350GMT - Japan
- Capital Spending y/y for Q2, expected is +7.9%, prior was +4.5%
- Capital Spending excluding software y/y for Q2, expected is +8.2%, prior was +5.2%
- Company profits for Q2, prior was +26.6% (for all the reported slide in PM Abe's popularity he is a crowd-pleaser amongst corporates ... this sort of profit reported, which is sustained and ongoing, ensures Abe will never have to buy a drink when out with business leaders. Workers and their wages .... well. that's an entirely different matter, yeah?)
- Company sales for Q2, prior was +5.6%
0000GMT - Australia house prices for August
0030GMT - Japan - Nikkei Manufacturing PMI (final)
- The preliminary ('flash') was a 3 month high at 52.8
- prior 52.1
0110GMT - BOJ JGB buying (1 - 3 years, 3 - 5, and 5 -10)
0145GMT - China - the private survey manufacturing PMI for August
Caixin / Markit Manufacturing PMI
- expected 51.0, prior 51.1
Yesterday we got the official PMIs for August,
The official PMI and Caixin PMI are different surveys, of different firms, with different characteristics, so they often have diverging results. In brief, the Caixin/Markit surveys smaller firms than does the official survey from China's National Bureau of Statistics/China Logistics Information Center
