Compared to last week, this week is relatively quiet with few data that could rapidly increase volatility in the market.
What to watch for over the coming days:
- Chinese economic data:
As the month begins, lots of economic dockets from China likely to be released which would be gauged crucially to understand the state of the economy. Chinese trade data and forex reserve details have already been released that showed that weakness still persists. On Tuesday there are inflation data; money supply and loan statistics on Thursday; and retail sales, urban investments and data on Industrial production are scheduled for Friday.
- US economic data:
After last week’s blockbuster jobs report, the focus will be on other key economic releases. Labor market conditions index on Monday, non-farm productivity and unit labor cost on Tuesday, JOLTS jobs report on Wednesday, terms of trade on Thursday, and finally retail sales and producer price inflation on Friday.
- RBNZ interest rate decision:
Reserve Bank of New Zealand is set to announce policy decision on Wednesday. It is widely expected that RBNZ would go for a cut.
In addition to the above, unscheduled Brexit commentaries would keep weighing on the market.


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