On Monday, from Australia, New Motor Vehicle Sales data was published. The January 2016 trend estimate (97 973) has increased by 0.2% when compared with December 2015. When comparing national trend estimates for January 2016 with December 2015, sales of Passenger vehicles decreased by 0.6% and Sports utility and Other vehicles increased by 0.2% and 1.6% respectively. The largest upward movement across all states and territories, on a trend basis, was in South Australia (1.5%) which has been trending upwards since August 2015.
Tomorrow's session will bring RBA Meeting Minutes which should bring some volatility to the markets. In the US session Empire State Manufacturing Index data will be published. Increase to -10.3 is predicted.
Figures to watch:
Monetary Policy Meeting Minutes (Tuesday 1:30)
Empire State Manufacturing Index (Tuesday 14:30)
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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