Here is what's coming up on the calendar today during the Asian timezone
2350GMT - Japan - PPI for January
- expected 0.2% m/m, prior 0.6%
- expected 0.0% y/y, prior -1.2%
0030GMT - Australia - Housing finance data for December
- Home loans m/m, expected is +1.0%, prior was +0.9%
- Investment lending m/m, prior was a big jump of +4.9%
- Owner-occupied loan value m/m, prior was a much more subdued +0.4%. While there is no survey conducted on what to expect another subdued result seems likely, around +1%
0030GMT - Australia - Reserve Bank of Australia Statement on Monetary Policy (SoMP)
- Updated inflation, GDP forecasts from the Bank. We got the most recent decision on rates on Tuesda7 (February 7) with the statement from Lowe, along with a speech from Lowe overnight, so there should not be too much to surprise in today's Statement
- The SoMP is issued four times a year
- Sets out the Bank's assessment of current economic conditions (domestic & international), and updates the outlook for Australian inflation and GDP growth
This week so far from the RBA:
- Tuesday: RBA announce rates remain on hold
- Tuesday: RBA decision today (rates left unchanged) - analyst responses
- Thursday: RBA's Lowe says Australian economy is in decent shape, inflation will pick up gradually
0430GMT - Japan - Tertiary Industry Index for December
- expected -0.2%, prior +0.2%
- The Tertiary Industry Index measures change in output by Japan's service sector; focuses on service industries catering predominantly to domestic needs; eg. wholesale and retail trade, financial services, health care, real estate, leisure, and utilities & more
Excludes industrial manufacturing sectors - Its used as a guide of the level of domestic economic activity
