From China, Industrial Production data was published. Key measures of Chinese economic activity grew at a faster pace in the third quarter, adding to growing evidence the world’s second-largest economy was easing into a slower but steady expansion after a volatile two years. Industrial production, a broad measure of factory output, rose at an annualized 6.2% in November from a year earlier, the National Bureau of Statistics reported Monday in Beijing. Industrial production rose 6.1% year-over-year in October.
There will be no major data releases from Australia tomorrow. In the US session PPI, Retail Sales and Industrial Production figures will be released as well as FOMC interest rate decision and the following press conference. Retail Sales are expected to increase by 0.3%, while PPI should rise by 0.1%. On the other hand Industrial Production is expected to decline by 0.2%. However, the focus of the session will be on FOMC interest rate decision with anticipated rate hike to 0.75%.
Figures to watch:
PPI (Wednesday 14:30)
Retail Sales (Wednesday 14:30)
Industrial Production (Wednesday 15:15)
Federal Funds Rate/FOMC Statement (Wednesday 20:00)
