2301GMT UK data – BRC Shop Price Index y/y for September

• prior -0.5% y/y
• British Retail Consortium monthly shop price index

0100 GMT New Zealand ANZ business survey for October

• Business confidence for October, preliminary: -8.6 (prior -7.2)
• Activity Outlook preliminary 26.2 (prior 18.2)
• short preview post here

0030 GMT Australian Q3 inflation data 

• expected 0.8% q/q, prior 0.8%
• For the y/y, expected 3.1, prior 3.8% (lower expected mainly due to base effects)

Core inflation: Trimmed mean

• expected 0.5% q/q, prior 0.5%
• expected 1.8% y/y, prior 1.8%

The RBA target band for core inflation is sustainably in a 2 to 3% band. You can see its (trimmed mean) is not within that band at present and tomorrow’s data is not expected there either.
The weighted median is another measure of core inflation.

• expected 0.5% q/q, prior 0.5%
• expected 1.9% y/y, prior was 1.7%

Short preview post here

0130 GMT China Industrial Profits for September 

• prior +10.1% y/y
• prior +49.5% YTD y/y
• raw material price inflation is contributing to higher manufacturing costs, subdued consumer spending is compressing demand, add in the coal crisis creating power shortages; all are weighing on business profitability in China.