Economic Insights

Economics | September 11 2015

Week Ahead
Current

Last Week

Last month

Last year

September 10

September 3

August 10

September 10 2014

Cash Rate (%)

2.00

2.00

2.00

2.50

90 day bills (%)

2.19

2.14

2.15

2.63

10 year bonds (%)

2.72

2.67

2.78

3.60

AUD/USD

0.7014

0.7000

0.7397

0.9158

Gold ( US$/ounce)

1109.30

1124.50

1104.20

1245.30

58.50

55.80

56.30

82.20

Iron Ore ( US$/tonne)

Oil ( US$/barrel)

45.92

46.75

44.96

91.67

All Ordinaries

5117.0

5027.8

5664.3

5574.4

*August 26 close

Australia
Date

Consensus

Last release

Monday September 14

Credit & debit card lending (July)

Event

Tuesday September 15

Weekly Consumer sentiment

106.7

Tuesday September 15

Minutes of Reserve Bank Board meeting

Tuesday September 15

New vehicle sales (Aug)

-1.3%

Wednesday September 16

Reserve Bank Assistant Governor Debelle delivers a speech

Thursday September 17

Detailed employment data (August)

Thursday September 17

Reserve Bank Bulletin

Friday September 18

Testimony by RBA Governor

Consensus

Last release

~
0.6%

International
Date

Event

Sunday September 13

China monthly data (August)

Tuesday September 15

US Retail sales (August)

0.4%

Tuesday September 15

US Industrial production (August)

-0.2%

06%

Wednesday September 16

US Consumer prices (August)

-0.1%

0.1%

Wednesday September 16

US Federal Reserve 2-day meeting

Thursday September 17

US Housing starts (August)

-4.6%

0.2%

Friday September 18

US Leading index (August)

0.3%

-0.2%

With a lack of top shelf indicators in Australia over the coming week, investors are likely to pay more attention to
overseas events in the coming week. In Australia the Reserve Bank will dominate proceedings with a speech or
data release scheduled by the Central Bank on every day of the week. Drawing most focus will be the Reserve
Bank Board minutes on Tuesday, the Reserve Bank Bulletin on Thursday and testimony by Reserve Bank
Governor Glenn Stevens to the House of Representatives Economics Committee on Friday.

In the US the highlight is the Federal Reserve meeting over Wednesday and Thursday but there are numerous
top shelf economic indicators to monitor as well. And in China key economic data covering trade, inflation,
production, investment and retail sales will be released this Sunday.

Savanth Sebastian, Economist (Author)

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