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One thing to add to your economic calendar today — WHO press conference

  
  Analysis
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Press conference is scheduled for 1830 GMT

The World Health Organization is meeting right now in Geneva to discuss whether to designate coronavirus as a global public health emergency.
They plan to hold a press conference at 1830 GMT (1:30 pm in New York).
The committee was divided seven days and there have been cases of human-to-human transmission outside of China so I think it’s assured that an emergency will be declared. I expect the decision could leak out before the press conference as well, so watch out for that in the next few hours.
How will the market react? It should be priced in but the market is struggling to get a handle on the scope and scale of this virus so there’s an element of headline shock that I think could sour the mood.

Here is what’s on the economic calendar in Asia today

  
  Analysis
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2245 GMT New Zealand Building permits for August

  • prior -1.3% m/m

2301 GMT UK data – Lloyds Business barometer for September

  • prior 1

2350 GMT Bank of Japan Summary of Opinions from the most recent monetary policy meeting.

  • The ‘summary’ is out well ahead of the minutes and adds a bit more info to the post-meeting statement.

2350 GMT Japan

August Retail Sales y/y,

  • expected is 0.7%, prior was -2.0%

Retail Sales m/m,

  •  expected is 2.4%, prior was -2.3%

Industrial production for August preliminary

  • y/y, expected is -0.5%, prior was 1.3%
  • m/m, expected is -3.9%, prior was 0.7%

0100 GMT – New Zealand – ANZ business survey for September

  • Business Activity Outlook prior -1 (a drop of 6 points)
  • Business Confidence prior -52 (a drop of 8 points)
  • Business Confidence is a concern for NZ policy makers – low confidence flows through to less business investment and job creation.

0100 GMT Australia monthly inflation guide for September

Melbourne Institute

  • prior 0.0% m/m, 1.7% y/y
  • This is only a monthly guide, albeit a good one. Official CPI data from OZ in only once a quarter.

0100 PMI data from China for September

  • manufacturing expected 49.6, prior 49.5
  • non-manufacturing expected 54.0, prior 53.8
  • composite prior 53.0

0110 GMT Bank of Japan Japanese Government Bond buying operation

  • 1 – 3, 3 – 5 years remaining until maturity

0130 GMT Australia private sector credit for

  • expected 0.3% prior 0.2% m/m
  • expected 3.0% prior 3.1% y/y

0145GMT back to China for the Caixin / Markit Manufacturing PMI

  • expected 50.2, prior 50.4
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