On the economic calendar today

2245GMT - New Zealand - Card Spending for March m/m

  • Retail expected +0.5%, prior -0.6%
  • Total, prior -1.0%

2301GMT - UK data - BRC Sales (like-for-like) March

  • expected -0.3%, prior -0.4%

2330GMT - Australia - Weekly Consumer (lack of) Confidence

  • prior slipping under its longer-run average at 111.1

0130GMT - Australia - National Australia Bank Business Survey for March

  • Business Conditions, prior 9
  • Business Confidence, prior 7

Business conditions fell on the month, but are still above their long run average (5). The NAB survey also shows labour market conditions better than the official labour force survey shows. We get the official jobs report from Australia on Thursday, today's NAB survey will be looked at for clues (though the official results do tend to bear more resemblance to a lottery than anything much else).