Overview
- Tuesday’s U.S. docket features PPI, retail sales, pending home sales, the Richmond Fed index, and Conference Board consumer confidence with a 93.4 consensus.
- Wednesday brings Australia’s CPI print, where Westpac expects a 0.1% monthly rise and base effects lifting annual inflation to about 3.9%, alongside the RBNZ decision and U.S. releases on jobless claims, core PCE, income, and spending.
- The RBNZ is widely expected to cut 25 bps to 2.25% after October’s larger 50 bps move, with analysts noting a cooler labor market and scope for a lower projected OCR track into early 2026.
- Japan’s Tokyo core CPI is due Friday with a 2.7% year-over-year consensus, while markets still price the BoJ’s next rate hike for January 2026 with December seen as possible.
- U.S. retail sales rose 0.6% in August on strong online spending, and economists look for a cooler 0.4% September gain as Thursday’s Thanksgiving holiday compresses the trading week.