2145 GMT New Zealand trade balance for September
prior NZD -2144m
exports prior NZD 4.35bn
imports prior NZD 6.49bn
2301GMT UK data - BRC Shop Price Index y/y for September
prior -0.5% y/y
British Retail Consortium monthly shop price index
0100 GMT New Zealand ANZ business survey for October
Business confidence for October, preliminary: -8.6 (prior -7.2)
Activity Outlook preliminary 26.2 (prior 18.2)
short preview post here
0030 GMT Australian Q3 inflation data
Headline
expected 0.8% q/q, prior 0.8%
- For the y/y, expected 3.1, prior 3.8% (lower expected mainly due to base effects)
Core inflation: Trimmed mean
expected 0.5% q/q, prior 0.5%
expected 1.8% y/y, prior 1.8%
The RBA target band for core inflation is sustainably in a 2 to 3% band. You can see its (trimmed mean) is not within that band at present and tomorrow's data is not expected there either.
The weighted median is another measure of core inflation.
expected 0.5% q/q, prior 0.5%
expected 1.9% y/y, prior was 1.7%
0130 GMT China Industrial Profits for September
- prior +10.1% y/y
- prior +49.5% YTD y/y
- raw material price inflation is contributing to higher manufacturing costs, subdued consumer spending is compressing demand, add in the coal crisis creating power shortages; all are weighing on business profitability in China.
