News

Economic calendar due from Asia today – RBA Gov Low speaking, and a separate RBA Statement

Plenty to come from the Reserve Bank of Australia 

2230 GMT Australia – AiG
Services PMI for July

2300 GMT  – Reserve Bank of Australia Governor Lowe

  • speaking in front of the House of Representatives Standing Committee on Economics
  • will be doing so online with Sydney in lockdown
2330 GMT Japan wages data for June Labor cash earnings expected

  • 1.7% y/y, prior 1.9%

2330GMT Japan Household spending for June

  • expected 0.1% y/y, prior 11.6%

2350 GMT Japan FX reserves, July

0130 GMT RBA Statement on
Monetary Policy(SoMP)

  • We
    get this 4 times a year
  • will contain revisions to the Bank’s forecasts. 
  • I’ll have more to come on this separately 

At some stage during the session (the time is not fixed) we should get trade data from China for July.  

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