Trade Balance. Australia, 02:30 (GMT+2) 09 Jan

09Jan.202501:30

Trade Balance. Australia, 02:30 (GMT+2)

At 02:30 (GMT+2) Australia will publish November data on the trade balance, an indicator that records the difference between the number of payments for exported and imported goods. The surplus is expected to narrow to 5.953 billion Australian dollars from 5.620 billion Australian dollars, putting pressure on the currency.

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09 Jan. 2025 01:30

Retail Sales. Australia, 02:30 (GMT+2)

At 02:30 (GMT+2), in Australia, November data on retail sales will be published, which is a key indicator of consumer spending, which has a significant impact on the country's Gross Domestic Product (GDP). Retail Sales indicator measures the change in the total value of inflation-adjusted sales at the retail level, excluding automobiles and gas stations. A correction in the value is expected from 0.6% to 1.0% on a monthly basis, which, in turn, may support the Australian currency.

09 Jan. 2025 02:30

Consumer Price Index. China, 03:30 (GMT+2)

At 03:30 (GMT+2) in China, December data on the Consumer Price Index will be published, which is a key indicator of inflation in the country, reflecting changes in retail prices for a certain basket of goods and services (food, transport, utility costs, healthcare, etc.). It has a significant impact on monetary policy decisions. On an annualized basis, the value is likely to decrease from 0.2% to 0.1%, and on a monthly basis — from –0.6% to –0.4%, which could affect the monetary authorities’ decisions on adjusting the interest rate.

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