Data ahead - On Thursday, the AiG PSI (services) report is released at 9.30am

Data ahead - On Thursday, the AiG PSI (services) report is released at 9.30am. As the Australian economy is 75% services, this will be an important data point. Although it is a holiday in China and Germany, there will be a raft of Markit Services PMIs out today which will be watched closely by traders as well. EU retail sales is also out and a raft of US data is slated for release such as jobless claims, ISM non-manufacturing, construction spending and factory orders. However, with the shutdown in place, it is likely that only ISM will be released.