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Sunday, October 18, 2020
Asia-Pacific Wrap
Oil - there is an OPEC+ JMMC meeting Monday 19 October 2020
An online, virtual meeting of the OPEC+ Joint Ministerial Monitoring Committee (JMMC) today. The JMMC discuss compliance issues - how OPEC members and friends (the "+" part) are coming along with sticking to agreed output cuts.... Read full article
China Q3 GDP +2.7% q/q (expected +3.3%)
A miss for the data from China, a rare occurrence. +2.7% q/q Also out at the same time, 'activity data for September, which is much better. China Q3 GDP... Read full article
RBA October meeting minutes are due Tuesday at 0030GMT
Spoiler alert - these are stale and likely to be of little impact after Reserve Bank of Australia Governor Lowe spoke last week. Lowe suggested more monetary policy stimulus is likely. Analysts have already nearly locked in November (the meeting is on the 3rd) as the date for:... Read full article
The Brexit timetable ahead - its crunch time for a deal or no-deal
UK PM Boris Johnson had set the October 15/16 EU Leaders Summit as the deadline but that has passed and talks plod on. The European Parliament meet on November 23-26.... Read full article
PBOC sets USD/ CNY reference rate for today at 6.7010 (vs. Friday at 6.7332)
People's Bank of China injects 50bn yuan in 7 day reverse repos PBOC with a move much stronger for the onshore yuan, 320+ pips up from Friday. Its highest mid-rate fixing since mid-April of 2019.... Read full article
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