If its Thursday its ... International Transactions in Securities data from Japan's Ministry of Finance
- Japan Buying Foreign Bonds
- Japan Buying Foreign Stocks
- Foreign Buying Japan Bonds
- Foreign Buying Japan Stocks
That's due at 2350GMT
Of more focus today is building approvals data from Australia.
Due at 0030GMT
Building approvals for November:
- For the m/m, expected is -3.0%, prior was +3.9%
- For the y/y, expected is 3.9%, prior was +12.3%
There is plenty of construction work in the pipeline despite the m/m slowing in October, but further falls today will raise concerns of the potential for a soft spot in this sector going forward. Along with services PMIs dipping into contraction in Australia in recent months there are developing signs of a little economic weakness ahead. I ain't gonna overstate this, but tis something to keep an eye on. The Reserve Bank of Australia will be, but they too are not overly concerned at this stage and very much on hold.
Also at 0030GMT today from Australia, Trade balance for November: expected is -2985m and prior was -3305m
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And a reminder for China-watchers ... we get the yuan fix around 0116GMT and then Chinese stock markets open at 0130GMT.
