There were no data releases from Australia yesterday, with focus remaining on China. Much of the recent weakness came after Beijing set erratic guidance for the yuan and further confused international investors by first introducing and then swiftly scrapping a 'circuit trigger' rule on its share markets, leading many observers to question its grasp on financial markets. Despite China's efforts to bring calm, including setting the central rate for the yuan marginally higher, analysts said they needed to see more transparency in the foreign exchange policy.
Though there will be no data releases from Australia tomorrow,from China Trade Balance figures will be published. Decline in surplus to $52.9 billion is predicted. In the US session JOLTS Job Openings figures are scheduled for a release. Analysts are forecasting increase to 5.41 million.
Figures to watch:
China Trade Balance (Wednesday)
Crude Oil Inventories (Wednesday 16:00)
UK still likely to leave the EU with a negotiated agreement, says Number 10
Sentix Investors Confidence rose to 14.7 in August
German factory orders -4.0% seasonally adjusted on the previous month
China's July exports growth still seen holding up despite U.S. tariffs: Reuters poll
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