A light data agenda today, Australian retail sales the focus.
2350 GMT Japan - international securities flows for the week
0130 GMT Australia job vacancy data for May
0130 GMT Australia Retail Sales for May
- expected 0.2%, prior -0.1%
- this data series has been in the doldrumes for a long time, high household debt and slow wage growth seem to be the restraining factors. Job growth has been a positive but underemployment and underutilisation is high. The RBA have been cutting rates to try to lower the uneployment rate towards 4.5%.
- there are some indications May could give a better results though, the back half of the month may well have benefitted from a post-election bounce.
- I'll have more to come on this separately
