Australia: Retail sales and trade balance to remain in focus – TDS

According to analysts at TD Securities, the release of retail sales and trade balance for October are going to be the key market moving economic releases for the forthcoming session, as far as Australian markets are concerned.

Key Quotes

“For retail we look for +0.4%/m, looking for the mobile phone sales that didn’t make the Sep report, as well as the favourable background of strong employment and rising wages (dented by falling house prices).”

“We look for a bigger trade surplus for Oct, at +$A3.25b, as 1.5%/m exports outpace expected +1%/m lift in imports.”

“Later, after the market close, RBA Deputy Governor Debelle speaks at the Australian Business Economists annual dinner. Given the audience, if there is a final message for the markets, this is the opportunity.”