Analysts at Westpac explained that Asia’s calendar is quite busy.
Key Quotes:
“China’s Oct trade balance has plenty of potential to surprise, given potential distortions from the timing of US tariffs and the week-long holidays at the start of October.”
“The Sep surplus was $31.7bn, with both imports and exports up sharply. We will also see Philippines Q3 GDP (f/c 6.2%yr) and see the Bank Negara Malaysia policy decision, which should be no change, at 3.25%.”
“The FOMC decision is fully expected to be a steady hand at 2.00-2.25% and there is no press conference nor updated forecasts.”
“This leaves the interest in any changes in the wording of the fairly brief and formulaic statement. The meeting was scheduled a day later than usual due to the elections.”
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