Monday gets the week off to a quiet economic data start.
The first event of note is from the BOJ - JGB purchase operation in 1-3, 3-5, 10-25 and 25+ years remaining until maturity. At 0110GMT.
0130 GMT from China is the April reading for industrial profits, prior 13.9% y/y
- China's industrial profits f have been impacted adversely by slowing exports and production. The result in March, +13.9% y/y, was surprisingly strong given the weaker trend (note that profits in the first three months (i.e. YTD) were -3.3% from a year ago).
- Exports and growth in industrial production slowed in April, which should ensure a weaker result than in March.
After that, later in the session at 0500GMT Japan leading and coincident indexes.
If you are going to have a nap instead of trade Asia, set your alarm for a speech from the European Central Bank's Benoît Cœuré at 0840GMT.
