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23 Jun 2015
Key events ahead - Westpac
FXStreet (Guatemala) - Sean Callow, analyst at Westpac Banking Corporation offered the key events taking place for the day ahead.
Key quotes:
"China markets will reopen after a long weekend. China Jun flash HSBC manufacturing PMI will be released at 11:45am Syd/9:45am local. Consensus is 49.4 with manufacturing stabilising at a weak level and the orders/stock ratio to gain. Japan Jun flash PMI is out at 11:35am Syd/10:35am Tokyo. Singapore May CPI, 3pm Syd/1pm Sing, is expected to remain subdued, with the headline at -0.4%y/y and core at 0.4%y/y. Taiwan May exports will also be released."
"Europe Jun Markit PMIs start with France at 5pm Syd."
"Consensus for US durable goods orders is a 1.0% m/m fall, though core (ex-defence and aircraft) should show a 0.5%m/m gain after a -0.3% print in Apr. US new home sales are forecast to rise 1.2% m/m in May to approach highs back to 2008."
"The Richmond Fed manufacturing index is expected to show some improvements in Jun and print at 4 v 1 in May. We also hear from Fed governor Powell, whose views should be in line with consensus, on monetary policy."
Key quotes:
"China markets will reopen after a long weekend. China Jun flash HSBC manufacturing PMI will be released at 11:45am Syd/9:45am local. Consensus is 49.4 with manufacturing stabilising at a weak level and the orders/stock ratio to gain. Japan Jun flash PMI is out at 11:35am Syd/10:35am Tokyo. Singapore May CPI, 3pm Syd/1pm Sing, is expected to remain subdued, with the headline at -0.4%y/y and core at 0.4%y/y. Taiwan May exports will also be released."
"Europe Jun Markit PMIs start with France at 5pm Syd."
"Consensus for US durable goods orders is a 1.0% m/m fall, though core (ex-defence and aircraft) should show a 0.5%m/m gain after a -0.3% print in Apr. US new home sales are forecast to rise 1.2% m/m in May to approach highs back to 2008."
"The Richmond Fed manufacturing index is expected to show some improvements in Jun and print at 4 v 1 in May. We also hear from Fed governor Powell, whose views should be in line with consensus, on monetary policy."