Due at 2330GMT:

Due at 0030GMT, TD securities inflation data for April:

Due at 0030GMT, and the most focus for Australian data today – Building approvals for March

  • For the m/m, expected is 1.5%, prior was 5%
  • For the y/y, expected is +31.0%, prior was +23.2%

February’s m/m data showed a fall but still an uptrend. This will be watched again today. The Reserve Bank of Australia (RBA) want to see sectors improve other than those related to resource-extraction (for example building construction) continue to expand as part of the ‘transition’ of the Australian economy.

Due also at 0030GMT:

  • ANZ job advertisements data for April, prior was 1.4% m/m