There is the Xi - Trump meeting to get out of the way first, but a big week follows in

Australia

Some of the events:

Monday:

  • Inventories and company profits, Q3. An input to the GDP data due Wednesday
  • Building approvals for October

Tuesday:

  • Current account, Q3. Again, a GDP input
  • RBA decision and statement

Wednesday:

  • Q3 GDP

Thursday:

  • Trade balance for October
  • Retail sales,also for October
  • RBA Deputy Governor Guy Debelle speaking

Some quick thoughts on the RBA from ANZ. They'll be on hold, of course, but what to watch?

Since the RBA's November statement the housing related data has been weak

  • wages have been in line with expectations
  • and employment and forward expectations for capex have been solid
  • Global news has been negative, including wider credit spreads and lower oil prices

Together these won't be enough to shift the RBA from its positive outlook, but may see some caution enter the Bank's commentary