There are a flurry of pivotal data out midweek for Australia and New Zealand. It’s a busy Tuesday for New Zealand, with the inflation expectations and Trade balance, with the latter due to be 540m worse than last month – thanks to the devaluation of the Yuan, and the drop in commodity prices with exports being down in recent weeks.
The Australians will be releasing their quarterly private Capital expenditure early on Thursday, shortly after Governor Stevens speaks on Wednesday. The results are forecast to be slightly better than last month, and no doubt investors will be hoping for the continuing strength that was seen at the end of last week as they near the time for their proposed interest hike.
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