With New Zealand on holiday today we don't get any data from there.

But, Australia is stepping up to the plate - here's whats coming:

  • 2330GMT - AIG Performance of Manufacturing index for May, prior was 48.0
  • 0000GMT - CoreLobic RP RPData house price index for May, prior was +0.8% m/m
  • 0030GMT - TD Securities/Melbourne Institute (MI) Inflation Gauge for May, prior was +0.3% m/m and +1.4% y/y (the trimmed mean was also +1.4% y/y )

0130GMT -

  • Company operating profit for Q1, expected is +0.0% q/q, prior was -0.2%
  • Company inventories for Q1 (sa) expected is +0.1% q/q change, prior was -0.8%

Also at 0130GMT ... today's main event ... Building approvals for April

  • For the m/m, expected is -1.5%, prior was +2.8% (to a new record high)
  • For the y/y, expected is +20.5%, prior was +23.6%
  • Various analysts have noted that the strength in this sector is mainly driven by large high-rise apartment projects, and this raises the risk if a drop if projects in the pipeline diminish.

Later in the session we'll get the May Commodity price index, due at 0530GMT

  • prior was -20.5% y/y (index level at 81.2)