Yesterday, from Australia, New Motor Vehicle Sales figures were released. The December 2015 trend estimate fornew motor vehicle sales (97 683) has decreased by 0.1% when compared with November 2015. In seasonally adjusted terms sales decreased by 0.5%. When comparing national trend estimates for December 2015 with November 2015, sales of Passenger and Sports utility vehicles decreased by 0.4% and 0.1% respectively. Over the same period sales for Other vehicles increased by 0.8%.
Though there will be no data releases from Australia, tomorrow, from China, GDP and Industrial Production figures are scheduled for a release. Analysts are anticipating 6.9% growth in Q4 GDP, while Industrial Production is anticipated to rise by 6.0%, down from last month's 6.2% increase. There will be no data releases in the US part of the session.
Figures to watch:
China's GDP (Tuesday 3:00)
China's Industrial Production (Tuesday 3:00)
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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