Economic calendar due from Asia today – PBOC rate setting

2145 GMT New Zealand trade
balance for November

0001
GMT UK data – Rightmove house prices for December

0130
GMT China Loan Prime Rate monthly setting

• 1
  year LPR expected 3.85%,
  prior 4.65%

• 5
  year LPR expected 3.85%,
  prior 4.65%

• While
  no change is expected there are some signs from Chinese authorities
  of a willingness to ease policy further. Two
  weeks ago we had a reserve rate cut so
  keep an eye on this rate setting today.