8 Dec 2014
Key events in Asia - Westpac
FXStreet (Bali) - Sean Callow, FX Strategist at Westpac, breaks down the key events to keep a eye o for today's Asian session.
Key Quotes
"Australia’s calendar is limited to Nov ANZ job ads. Japan’s calendar is worth watching, with both Oct balance of payments and revised Q4 GDP at 10:50am Syd/7:50am Sing/HK. The encouraging capex survey should see GDP revised upwards from the initial -0.4% q/q shock which produced “technical” recession. The median forecast is -0.1% but we would not be at all surprised with a flat or positive headline, ending recession talk."
"China’s Nov trade data is due (no fixed time but the Oct data was around 1pm Syd/10am local). Consensus is for export growth to ease to 8% y/y and import values to continue to be trimmed by falling commodity prices, rising just 3.8% y/y. This should leave the trade surplus at a very large $44bn. The US calendar is low key as usual just after the employment report."
Key Quotes
"Australia’s calendar is limited to Nov ANZ job ads. Japan’s calendar is worth watching, with both Oct balance of payments and revised Q4 GDP at 10:50am Syd/7:50am Sing/HK. The encouraging capex survey should see GDP revised upwards from the initial -0.4% q/q shock which produced “technical” recession. The median forecast is -0.1% but we would not be at all surprised with a flat or positive headline, ending recession talk."
"China’s Nov trade data is due (no fixed time but the Oct data was around 1pm Syd/10am local). Consensus is for export growth to ease to 8% y/y and import values to continue to be trimmed by falling commodity prices, rising just 3.8% y/y. This should leave the trade surplus at a very large $44bn. The US calendar is low key as usual just after the employment report."