Relatively slow news day:
Thu/7: Australia trade (830am), Germany IP (3pm), Norway IP (3pm), Sweden avge house px (430pm), UK Halifax house px (430pm), Canada building permits (930pm)
Speakers: Riksbank Floden, Riksbank Skingsley (5pm)
Events: Germany SPD convention (7-9 Dec)
EM: Malaysia FX reserves (3pm), South Africa mfg prod (7pm), Chile CPI (7pm), Chile trade/copper exports (730pm), Mexico CPI (10pm, prior 6.37% yoy), China FX reserves, Colombia BanRep minutes (3am Fri)
AUD responds to weak trade surplus:
Aussie Reverses Gains as October Trade Data Misses All Estimates
Australia Oct. Trade Surplus A$105m; Est. A$1.4b
(Bloomberg) --
Australian Bureau of Statistics report shows Thursday.
Exports fell 3% from month earlier
Imports rose 2% from month earlier
Sept. trade balance revised to A$1.6b surplus from originally reported A$1.75b surplus
This follows yesterday's weak GDP, which could stoke speculation that the RBA may revise near-term growth forecasts downward.