Analysts at Rabobank point out that amongst key economic releases for the day, we have today already seen Japanese PPI, which was 0.2% m-o-m and 2.8% y-o-y as expected.
Key Quotes
“Aussie home loans were better than expected at 1.1% m-o-m and 0.7% for owner occupiers: no impact from the Royal Commission yet, or a mad scramble to get a loan now while one still can?”
“Later on we hear from the ECB’s Mersch, and see US PPI data, seen at 0.2% m-o-m and 3.1% final demand y-o-y, as well as wholesale inventories.”
“There’s also the Bank of Canada, which as we noted yesterday is likely to provide a “dovish hike”.”
“Nonetheless, it’s the nexus between Trade War and real war that should be on the market’s mind today – as well as “Let’s just buy our own stock and get rich quick.”
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