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Dec 4, 2015
Key Asian economic releases in the week ahead - TDS
FXStreet (Delhi) – Research Team at TDS, lists down the key economic releases from Asia in the coming week.
Key Quotes
“AUD: A likely dip in employment the marquee event, but consumer and business confidence worth a glance. Will recent optimism fade or continue into 2016? The RBA will hope for the latter.
NZD: The RBNZ steps up on Dec 10 and we expect it to front-run the U.S. FOMC and cut the cash rate by 25bp to 2.5% and signal more is possible for 2016. If it doesn’t, NZD TWI will jump even higher and the RBNZ will miss its inflation target for even longer. Nov home sales and prices worth a look for more evidence of slowing post macro-tools and Q3 manufacturing is the final Q3 GDP puzzle piece.
CNY: Trade for Nov is released Tue, where we are with mkt for exports but see upside to imports, for a smaller trade surplus. Nov inflation update on Wed, where we see downside to CPI at 1.2% (mkt +1.4%) and downside PPI at 6.0% (mkt –5.9%). We see upside to IP and retail sales on Sat, the first due to the average PMI pop, the latter due to structural change.”
Key Quotes
“AUD: A likely dip in employment the marquee event, but consumer and business confidence worth a glance. Will recent optimism fade or continue into 2016? The RBA will hope for the latter.
NZD: The RBNZ steps up on Dec 10 and we expect it to front-run the U.S. FOMC and cut the cash rate by 25bp to 2.5% and signal more is possible for 2016. If it doesn’t, NZD TWI will jump even higher and the RBNZ will miss its inflation target for even longer. Nov home sales and prices worth a look for more evidence of slowing post macro-tools and Q3 manufacturing is the final Q3 GDP puzzle piece.
CNY: Trade for Nov is released Tue, where we are with mkt for exports but see upside to imports, for a smaller trade surplus. Nov inflation update on Wed, where we see downside to CPI at 1.2% (mkt +1.4%) and downside PPI at 6.0% (mkt –5.9%). We see upside to IP and retail sales on Sat, the first due to the average PMI pop, the latter due to structural change.”