Good morning, afternoon or evening and welcome to Tuesday in Asia.
If you've had a holiday on Monday, nice!
There is a lot on the docket in Asia today, starting with NZ data.
2200GMT - ANZ Truckometer for August
- prior was -0.3% m/m
The ANZ Truckometer is a measure of economic activity using real-time traffic data from around New Zealand.
ANZ said on last month's results that signals from the Truckometer reflect an economy facing strengthening headwinds. Until global dairy prices find a floor (and broader commodity prices too - as a bellwether of China's economic health) all economic forecasts remain a moving target."
2245GMT - Manufacturing activity data for Q2
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NZD has edged its way back from overnight lows. It'll take cues today from movements in Chinese stocks until the RBNZ rate cut expected on Thursday (local time), which may very well see a buy the fact rally. Plenty of time until then though.
