Reserve Bank of Australia Governor Lowe is on deck today
2200GMT - New Zealand - Q2 Consumer Confidence, prior 111.9
2230GMT - NZ again - Services PMI for May (Business NZ Performance of Services Index), prior 52.8
230GMT - UK - Rightmove house prices for June
From 2345GMT - Panel Participation by Philip Lowe, Governor, at the 2017 Crawford Australian Leadership Forum, Canberra. I don't know what to expect from Lowe on this,
- The 'theme' of the event is "Global Realities, Domestic Choices: Responding to a Digitalising, Deglobalising, Post-truth world", the 2017 Forum will focus on appropriate public policy responses to some of the most difficult economic, security and social problems facing the world in general, and Australia in particular.
- The RBA has a dual mandate, in brief its ensuring jobs, & inflation control. Lowe might be extending the remit a little?
2350GMT - Japan trade balance for May
- Trade balance for May: expected is Y 43.3bn, prior was Y 481.1bn
- Trade balance (adjusted): expected is Y 345.5bn, prior was Y 97.6bn
- Exports y/y: expected is +16.0%, prior was +7.5%
- Imports y/y: expected is 14.5%, prior was 15.2%
Exports have been helping higher industrial output in Japan,
- if the 'expected' for exports is hit today it'll be the highest y/y growth in around a year and a half. And its not just export/production, another area of better performance for the economy is private consumption the Bank of Japan upgraded its assessment of private consumption on Friday.
Imports are growing also, partially reflecting firmer energy prices.
0130GMT - China - Property prices for May.
