In the US session Factory Orders data was published. New orders for U.S.-made goods fell less than expected in October and shipments of core capital goods were much stronger than previously reported, pointing to sustained strength in manufacturing that should buoy the economy. Factory goods orders dipped 0.1 percent amid a drop in demand for both civilian and defense aircraft after an upwardly revised 1.7 percent jump in September, the Commerce Department said on Monday.
Tomorrow's session will bring Australian Retail Sales and Current Account figures. Analysts forecast 0.3% rise in Retail Sales, while Current Account deficit should narrow to $8.8 billion. However, the focus of the session will be on RBA interest rate decision and the following statement though no change is expected. In the US session ISM Non-Manufacturing PMI data will be released. Decline to 59.2 is anticipated.
Figures to watch:
Current Account (Tuesday 1:30)
Retail Sales (Tuesday 1:30)
Cash Rate/RBA Rate Statement (Tuesday 4:30)
ISM Non-Manufacturing PMI (Tuesday 16:00)
