New Zealand building permits will kick off the calendar. We've already had data from NZ this morning:New Zealand consumer sentiment in January 94.5 (vs. 93.6 prior)Australia data follows, then from Japan. Reserve Bank of New Zealand is hitting the speaking circuit still. The focus for the session is on the official PMIs from China, from the National Bureau of Statistics (NBS). Readings on these have been subdued. In December China's official Manufacturing PMI came in showing its third straight month of contraction at 49.0, much worse than was expected. The Caixin Manufacturing PMI followed up with a surprise higher though. China has two primary Purchasing Managers' Index (PMI) surveys - the
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