7 Mar 2016
Key events ahead - Westpac
Analysts at Westpac noted a quiet start to the week.
Key Quotes:
"China Feb foreign reserves will be released today though there is no confirmed time. Consensus is $3.19 trillion, down around $41bn since Jan. This would be less dramatic than the falls of around $100bn each month since Nov, thanks to an apparent cooling of capital outflows and of course the short month punctuated by lunar new year. Economists’ forecasts range from $3.10tn to $3.23tn.
Otherwise the calendar is quiet post-payrolls and limited to Taiwan Feb trade and Germany Jan factory orders. Fed governor Brainard speaks on “Economic Outlook, Liquidity and Resilience” and Fed VC Fischer on macroeconomics."
Key Quotes:
"China Feb foreign reserves will be released today though there is no confirmed time. Consensus is $3.19 trillion, down around $41bn since Jan. This would be less dramatic than the falls of around $100bn each month since Nov, thanks to an apparent cooling of capital outflows and of course the short month punctuated by lunar new year. Economists’ forecasts range from $3.10tn to $3.23tn.
Otherwise the calendar is quiet post-payrolls and limited to Taiwan Feb trade and Germany Jan factory orders. Fed governor Brainard speaks on “Economic Outlook, Liquidity and Resilience” and Fed VC Fischer on macroeconomics."