The Asian time zone is very light on for data and central bank activity today
0030GMT - Australia - Westpac Leading Index for May
- prior -0.12% m/m
- In April the six month annualised growth rate for this indicator (shows the likely pace of economic activity relative to trend three to nine months into the future) fell from 1.11% in March to 0.92%
Later from Japan, due at 0430GMT, All Industry Activity Index for April
- a measure of the monthly change in overall production by all sectors of the Japanese economy & used as a proxy for GDP
- expected +1.6% m/m, prior -0.6%
and then at 0635GMT - Bank of Japan Gov. Kuorda is speaking at the annual meeting of the National Association of Shinkin Banks in Tokyo (Shinkin Banks are cooperative regional financial institutions, mainly used by small and medium sized firms and local residents)
