Separate report on MI Inflation Expectations showed no change in December. December is normally a strong month for prices but this time a steep fall in petrol kept inflation restrained. The annual pace slowed sharply to 1.5%, from 2.2% in November. That was the lowest reading since July 2012.
Though, there will be no data releases from Australia tomorrow, we can expect volatile morning part of the session with the focus on China's GDP and Industrial Production figures. GDP should rise by 7.2%, while Industrial production is anticipated to increase by 7.4%. In the US session only NAHB Housing Market Index will be released. Analysts are predicting incline to 58 points.
Figures to watch:
Chinese GDP (Tuesday 3:00)
Chinese Industrial Production (Tuesday 3:00)