Focus of yesterday's session was on Australian job data. According to the latest report, Australian employment decreased 1,000 to 11,902,300 from a revised November 2015 estimate. Analysts were anticipating decrease by 11,000. Full-time employment increased 17,600 to 8,228,700 and part-time employment decreased 18,500 to 3,673,600. Unemployment decreased 10,900 to 727,500. Unemployment rate decreased 0.1 pts to 5.8%, based on unrounded estimates. Increase to 5.9% was predicted.
In the US session
Unemployment Claims figures were released. In the week ending January 9, the advance figure for
seasonally adjusted initial claims was 284,000, an increase of 7,000 from the previous week's unrevised level of 277,000. Analysts were forecasting decrease to 275,000. The 4-week moving average was 278,750, an increase of 3,000 from the previous week's unrevised average of 275,750.
Tomorrow, from Australia, Home Loans data will be published. Analysts are anticipating decline by 0.4%. In the US session Retail Sales, PPI, Empire State Manufactruing Indeks, Industrial Production and Consumer Sentiment figures are scheduled for a release. Retail Sales are expected to decrease by 0.1%, PPI should decline by 0.2%, while Empire State Manufacturing Index should rose to -4.1. Industrial Production is forecasted to fell by 0.2%, while no change is predicted for consumer sentiment.
Figures to watch:
Home Loans (Friday 1:30)
Retail Sales (Friday 14:30)
PPI (Friday 14:30)
Empire State Manufacturing Index (Friday 14:30)
Industrial Production (Friday 15:15)
Prelim UoM Consumer Sentiment (Friday 16:00)
