Macro Data Impacting Asia Oct 4- 8 Opec & US jobs


04 Oct

This and previous notes can be found at SubStack ( Asian Market Sense )
Check out ERI-C.com for your research needs

OPEC + meeting this week with energy prices squeezing higher globally. Increased tension expected between the US and China as the US reviews how well China has kept phase 1 of the trade agreement and looks to outline future policy. Tension with Taiwan also rising and it appears to me that more countries are coming out in support of Taiwan which along with Evergrande will keep the leadership in Beijing busy.
Australia Data this week includes PMI, Balance of trade, Inflation, RBA rate decision, Building Permits and RBA Stability Review.
Japan  This week CPI data, PMI data, Foreign Reserves, Coincident and Leading Index, Cash Earnings, Household Spending and Eco Watchers. Investors will be looking for clarity over policy from new PM Kishida; this week’s Economist is slightly -VE on his appointment as an example of the establishments choice over the peoples.
S Korea Ahead Foreign Exchange Reserves, Inflation Rate and Current Account.
Taiwan  This week Foreign Exchange Reserves, Inflation Rate, Wholesale Prices, Balance of Trade data.
China Market closed until Friday. Investors will watch for policy announcements we also get Foreign Exchange Reserves and on Friday Caixin Services & Composite PMI.
HK Data this week PMI and Foreign Exchange Reserves.
Eurozone Composite and Services PMI, PPI, Retail Sales
Germany Composite, Services & Construction PMI, New Car Registrations, Factory Orders, Retail Sales, Industrial Production, Balance of Trade data.
French Industrial Production and Composite, Services & Construction PMI, Balance of Trade,
UK New Car Sales, Composite, Services & Construction PMI, Halifax House Prices, Labour Productivity, BBA Mortgage Rate, BoE Quarterly Bulletin.
US Factory Orders, Vehicle Sales, Balance of Trade data, Composite, Services & Construction PMI, ISM Non Manufacturing Data, IBD/TIPP Economic Optimism, ADP Employment Change, Challenger Job Cuts, Payrolls Data, Wholesale Inventories.

Monday 4 Oct 
AUSTRALIA  No data due
JAPAN 
No data due  
S KOREA Market Closed  No data due  
TAIWAN No data due  
CHINA Market Closed  No data due  
HONG KONG No data due
EUROZONE Euro Group Meeting
GERMANY No data due  
FRANCE New Car Registrations
UK No data due  
US  Factory Orders, Logistics Managers Index

Tuesday 5 Oct
AUSTRALIA  
Construction Index, Services and Composite PMI, Balance of Trade, Exports & Imports, Job Advertisements, Inflation Gauge, Retail Sales, RBA Interest Rate Decision.
JAPAN Tokyo CPI, Services and Composite PMI.  
S KOREA Foreign Exchange Reserves, Inflation Rate.
TAIWAN No data due  
CHINA Market closed No data due  
HONG KONG No data due  
EUROZONE Services and Composite PMI, PPI.
GERMANY Services and Composite PMI, New Car Rgistrations
FRANCE Industrial Production, Services and Composite PMI,
UK New Car Sales, Services and Composite PMI,
US Total Vehicle Sales, Balance of Trade. Exports, Imports, Redbook, Services and Composite PMI, ISM Non Manufacturing (PMI, Business Activity, New Orders, Employment), IBB/TIPP Economic Optimism, API Crude Oil Stock Change

Wednesday 6 Oct
AUSTRALIA  
RBA Chart Pack
JAPAN No data due  
S KOREA 
No data due
TAIWAN Inflation Rate, Wholesales
CHINA 
Market closed No data due  
HONG KONG 
PMI
EUROZONE 
Construction PMI, Retail Sales
GERMANY 
Factory Orders, Construction PMI
FRANCE 
Construction PMI, Retail Sales
UK 
Construction PMI
US MBA Mortgage Applications and 30 yr Mortgage Rate, ADP Employment Change, EIA Oil Report

Thursday 7 Oct
AUSTRALIA  
Services Index.
JAPAN Foreign Stock and Bond Investment, Coincident Index and Leading Economic  Index
S KOREA Current Account
TAIWAN 
No data due
CHINA Foreign Exchange Reserves
HONG KONG 
Foreign Exchange Reserves
EUROZONE 
ECB Monetary Policy  Meeting
GERMANY Industrial Production
FRANCE 
Balance of  Trade, Current Account
UK Halifax House Price Index, Labour Productivity, BBA Mortgage Rate
US Initial Claims, 4 week Average Claims, Continuing Claims, EIA Natural Gas Report, Consumer Credit Change.

Friday 8 Oct
AUSTRALIA  
Building Permits, RBA Financially Stability Review  
JAPAN Average Cash Earnings, Household Spending, Current Account.  Eco Watchers Current and Outlook Survey.
S KOREA No data due  
TAIWAN 
Balance of Trade Exports and Imports
CHINA Market Re-opens Caixin Services and Composite PMI
HONG KONG 
No data due  
EUROZONE No data due
GERMANY 
Balance of Trade, Current Account, Exports and Imports
FRANCE 
No data due
UK 
BoE Quarterly Bulletin
US Non Farm Payrolls, Unemployment Rate, Manufacturing & Government Payrolls, Average Weekly Hours, Participation Rate, Average Hourly Earnings, Wholesale Inventories,  Baker Hughes Rig Count.

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