New Zealand data to kick off the data agenda
2145 GMT NZ PPI for Q4
- Output prior 1.5%, input prior 1.4%
2330 GMT Australia Westpac's Leading Index for January, prior -0.21% m/m
- While not an immediate forex mover this is an excellent guide to the Australian economy in the months ahead. In a nutshell it has been indicating sluggish growth for many, many months. Yep.
2350 GMT Japan trade balance for January
- expected Y -1029.1bn, prior Y -56.7bn
- Trade balance adjusted, expected Y 150.7bn, prior Y 183.6bn
- Exports y/y expected -5.7%, prior -3.9% (you know the storu here by now ... slowing global growth a negative for Japanese exports)
- Import y/y expected -3.5%, prior 1.9%
0000 GMT Australia skilled job vacancies
0030 GMT Australia, and this a focus, Wage Price Index for Q4 2018. While the job market has been robust growth in wages has been slow indeed, which is a cocnern for the RBA as they'd like to see it higher to spur spending and thus the economy. I'll have more to come on this separately
- expected 0.6% q/q, prior 0.6%
- expected 2.3% y/y, prior 2.3%
