Yesterday's session brought Australian Import and Export Prices data. The Import Price Index fell 0.3% in the December quarter 2015. Analysts were anticipating 0.8% decrease. Through the year to the December quarter 2015, the Import Price Index rose 2.4%. The Export Price Index fell 5.4% in the December quarter 2015. Through the year to the December quarter 2015, the Export Price Index fell 10.3%.
In the US session
durable Goods Orders and
Unemployment Claims figures were released.
Orders for durable, or long-lasting, goods fell 5.1% in December, the Commerce Department said Thursday. The drop came after a 12.4% plunge in transportation orders and was worse than the 1.5% forecasted decline in the headline. Excluding transportation, orders fell 1.2% in December. So-called core capital-goods orders fell 4.3%.
Separate report showed that in the week ending January 23, the advance figure for seasonally adjusted initial claims was 278,000, a decrease of 16,000 from the previous week's revised level. Analysts were expecting decrease to 281,000. The 4-week moving average was 283,000, a decrease of 2,250 from the previous week's revised average.
Tomorrow's session will bring Australian PPI data. Analysts are anticipating 0.6% rise. In the US session Advance GDP, Chicago PMI and Revised Consumer Sentiment figures will be published. GDP is expected to grow by 0.8%, Chicago PMI should rose to 45.4, while Consumer Sentiment should show no significant change from prelim reading.
Figures to watch:
PPI (Friday 1:30)
Advance GDP (Friday 14:30)
Chicago PMI (Friday 15:15)
Revised UoM Consumer Sentiment (Friday 16:00)
