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China trade numbers up next - Rabobank

FXStreet (Bali) - Rabobank reviews the week ahead, highlighting the public holidays in Japan/US, while also noting that key Chinese trade numbers will be published soon.

Key Quotes

Today is Columbus Day in the US and Sports Day in Japan, so both markets are closed. We do have Chinese trade data, however. Expect bumper export growth (which I openly question) and falling imports (which I don’t) - hardly bullish for global growth. We also have two ECB speakers (Praet and Weidmann) and the Fed’s Evans. India also has CPI data.

Tomorrow has UK CPI/RPI and the German ZEW survey (which is more like to be an “eew!”).

Wednesday has Chinese PPI/CPI, UK unemployment, US retail sales and PPI, and the ECB’s Draghi and Nouy speaking (that’s a lot of talking recently: some will be wondering when action follows).

Thursday has Eurozone CPI, US industrial production, the Philly Fed, NAHB housing, and several more Fed speakers.

Friday has Yellen speaking on inequality (oh, the irony!) as well as another Fed speaker, and US housing starts and building permits

NZ housing market slowing, nothing to scare the horses - BNZ

Craig Ebert, Senior Economist at Bank of New Zealand, reviews today's NZ REINZ House Price Index (MoM), which came at 0.2% in September vs 1.1% prior, noting that while there is evidence of a slow, to slowing, housing market, it’s nothing too dramatic amid LVR restrictions.
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