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The seasonal slowdown in economic and financial events remains in evidence with few domestic ‘top shelf’ indicators due for release in the week ahead. The week kicks off on Tuesday with CoreLogic expected to release the December data on home prices. The growth rate of home prices appears to have peaked – especially in Sydney.
Overseas, the monthly purchasing manager surveys share the spotlight in the coming week with the US non farm payrolls (jobs) data. The week begins on Sunday with the release of the monthly purchasing managers surveys from the National Bureau of Statistics in China. The manufacturing index stands at 51.8 with the services index at 54.8. Any reading above 50 indicates expanding activity.

Originally published by Craig James, Chief Economist, CommSec