11 Nov 2015
Key events ahead - Westpac
FXStreet (Guatemala) - Analysts at Westpac Banking Corporation explained the key events ahead.
Key Quotes:
"In Australia, we have the Westpac-MI consumer sentiment index at 10:30am Syd/7:30am Sing/HK. Last month’s rise to 97.8 on the political leadership change was a little short of the increase that would have been expected. The biggest point of interest in the Nov survey will be how sentiment reacts to the decision by the major banks to raise their standard variable mortgage rates (by an average of 17bps).
China Oct industrial production is out at 4:30pm Syd/1:30pm local. Sep data came in at 5.7%y/y, near 2008 lows. Markets expect a tick higher to 5.8% in this release. Fixed asset investments and retail sales are due at the same time. India’s markets are closed today and Thu.
UK Sep unemployment is seen at 5.4%, steady from the previous month and at lows since 2008. ECB’s Draghi and BoE’s Carney speak at a BoE conference on financial market reform. US and Canadian money markets are closed for the Veterans Day/Remembrance Day holiday though stock markets will still be open."
Key Quotes:
"In Australia, we have the Westpac-MI consumer sentiment index at 10:30am Syd/7:30am Sing/HK. Last month’s rise to 97.8 on the political leadership change was a little short of the increase that would have been expected. The biggest point of interest in the Nov survey will be how sentiment reacts to the decision by the major banks to raise their standard variable mortgage rates (by an average of 17bps).
China Oct industrial production is out at 4:30pm Syd/1:30pm local. Sep data came in at 5.7%y/y, near 2008 lows. Markets expect a tick higher to 5.8% in this release. Fixed asset investments and retail sales are due at the same time. India’s markets are closed today and Thu.
UK Sep unemployment is seen at 5.4%, steady from the previous month and at lows since 2008. ECB’s Draghi and BoE’s Carney speak at a BoE conference on financial market reform. US and Canadian money markets are closed for the Veterans Day/Remembrance Day holiday though stock markets will still be open."