It's the first of a new month and we'll be getting manufacturing PMI data from all over the place, along with other data

New Zealand kicks it off at 2145GMT - Net Migration for December. Population growth has been a factor in house price growth in NZ, which has been a concern of the RBNZ. The announcement is unlikely to be too much of a market mover, though. The outlook for the RBNZ, China developments, and now the cut in rates from the BOJ on Friday are all of more importance.

2230GMT - Australian manufacturing PMI for January (AiG Perfomance of Manufacturing Index). Prior was 51.9

2300GMT - Australia - CoreLogic RP Data house Prices for January.

2330GMT - Australia - The TD Securities measure of inflation for January. This private gauge is produced monthly, as opposed to the official data which is only out quarterly, so it is a market focus. With inflation not of much concern to the RBA at present, 'core' ('trimmed mean') is at 2.1%, the bottom of the target band.

  • For this indicator today, prior was +0.2% m/m and +2.0% y/y

0100GMT - New Zealand Treasury publish their Monthly Economic Indicators

0100GMT - China - Official Manufacturing PMI for January

  • expected is 49.6 and prior was 49.7
  • Also, the non-manufacturing PMI, prior was 54.4

0145GMT - China - private manufacturing PMI survey for January. The Caixin PMI

  • expected is 48.1, prior was 48.2

As always, Chinese PMIs will be closely watched as a guide to how the economy is performing. Mau PMIs have been soft in recent months and further weakness in the numbers is expected today, which should be a negative input on the AUD

0200GMT - Japan - Nikkei Manufacturing PMI for January, prior was 52.4