Welcome to the first of the new month, and a busy day for data here in Asia
2145GMT - New Zealand - Terms of trade index for Q3
The previous quarter was -2.1% q/q, but given the improvement in dairy prices the median expected today is for 0.0% change in Q3. I'd have though it'd be better than that, but there you go.
2230GMT - Australia - manufacturing PMI for November (Australian Industry Group Performance of Manufacturing Index). Prior 50.9.
2300GMT - CoreLogic House Price Index for November. Prior was +0.5%
2350GMT - Japan - Capital spending for Q3
- y/y expected -0.4% and prior was +3.1%
- Capex excluding software, expected -0.6% y/y, prior +3.1%
- From the same release, Company profits for Q3 (prior -10%) and Company Sales (prior -3.5%)
Also at 2350GMT - Japan - International Securities Flows (week ended 25 November)
0030GMT - Japan - Nikkei Manufacturing PMI for November (final)
- The 'flash' was 51.1 & prior month was 51.4
0030GMT - Australia - Q3 Capex (Private Capital Expenditure)
- expected -3.0%, prior -5.4%
- Its not unexpected that capex will keep falling, will detract from upcoming GDP results and is all-round a bearish input. The danger is a positive surprise here ... but I wouldn't think that's a high probability.
0100GMT - China - official manufacturing and non-manufacturing PMIs for November
- For manufacturing, expected 51.0, prior 51.2
- for services, prior 54.0
0130GMT - Bank of Japan board member Sakurai speaking. Makoto Sakurai joined the Bank of Japan policy board in April of this year and is a company man, rarely disagreeing with Kuroda.
0145GMT - China - Caixin manufacturing PMI for November - this is the 'unofficial' manufacturing PMI. It's a different survey (generally speaking, smaller firms surveyed)
- expected 51.0, prior 51.2
