Before we get the Korean Manufacturing PMI we will be seeing

Korean CPI at 2300GMT:

  • For the MoM change in South Korean CPI the previous month’s number was +0.7%
  • For the YoY change in South Korean CPI the previous was +2%, expectations are for +2.1 to +2.2%

At 2400GMT we get the South Korean HSBC Manufacturing PMI,

  • Prior was 45.71

Also at 2400GMT is the South Korean Trade Balance

  • The prior month’s result was a 3.1B surplus
  • Market expectations are for +3.38 to +3.42B this month

Back to Australia at 0030GMT for two other price measures – the quarterly Import Price Index:

  • Prior Q was +2.4%
  • Market expectations are for a fall of 1.2%

and the quarterly Export Price Index (and with the focus on iron ore pricing, this will be watched):

  • Prior Q was +1%
  • Market expectations are for a fall of 6%

At 0100GMT we get the Chinese Manufacturing PMI … this is a big release, an important focus for the market, more on this to come …