Yeah, not likely. Here"s what coming up on the calendar from Asia today, hopefully during commercial breaks
0000GMT - Japan - Labor Cash Earnings for December
- expected +0.4% y/y, prior +0.5%
- Real cash earnings also, prior flat at 0.0% change y/y
0000GMT - Australia - a private survey inflation gauge
- Melbourne institute Inflation for January
- prior 0.5% m/m and 1.8% y/y (& "trimmed mean for December was 0.5% m/m, 1.4% for the y/y)
0030GMT - Australia - Retail Sales (Australian data focus today)
- for December
- expected 0.3% m/m, prior 0.2%
- Retail Sales picked up over August to October last year after poor results in the previous 3 months.
- Sales disappointed in November, and with soft consumer sentiment December the data today is not expected to show too much improvement
- Also, as part of the release, Q4 Retail Sales excluding Inflation, expected 0.9% q/q, prior -0.1%
0030 - Australia - ANZ Job advertisement series data for January, prior -1.9%
- The sharp fall in December came after 4 consecutive monthly rises
- December"s fall was the first since July of 2016
- Softer business conditions & profitability were cited for the drop
0145GMT - China - Private survey (Caixin) January Services and Composite MPIs
- priors were 53.4 and 53.5 respectively
This will complete the PMI rounds for January in China:
- China official January Manufacturing PMI: 51.3 (expected 51.2, prior 51.4)
- China official January Non-manufacturing PMI: 54.6 (prior 54.5)
- China Caixin manufacturing PMI (January): 51.0 (expected at 51.8)
Economic data due from Asia today (these should reduce SuperBowl ratings ;-) )
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