Here is what’s on the economic calendar in Asia today – NZD traders heads up for CPI
New Zealand Q1 inflation data today, and then plenty of Chinese data to follow later!
2245 GMT New Zealand CPI for the January - March quarter
- expected 0.3% q/q, prior 0.1%
- expected 1.7% y/y, prior 1.9%
For what to expect, previews:
2350 GMT Japan trade balance for March
- Trade balance: expected Y 363.2bn, prior was Y 334.9bn
- Trade balance (adjusted): expected Y -242.5bn, prior was Y 116.1bn
- Exports y/y: expected -2.6%, prior was -1.2%
- Imports y/y: expected 2.8%, prior was -6.7%
- I'll have more to come on this separately, but in a nutshell export performance is expected to still being hurt by trade tensions.
0030 GMT Australia - Westpac leading index for March
- prior unchanged m/m
- This tends not to move FX too much upon release but is a great indicator for the Australian economy ahead. For many, many months (years) its been showing sub trend growth.
0110 GMT Bank of Japan buying JGBs in a regular planned operation, today in the 5-10 yr remaining until maturity window.
0200 GMT China
Both Q1 GDP and March 'activity' data (industrial production, retail sales, investment)
I'll have more to come on this separately
But previews here already:
- China data due - GDP, for Q1 and activity data for March - preview
- A big Wednesday coming up in China - Q1 GDP preview
Be on the lookout later in the Tokyo day for final industrial production, Februar. Coming up at 0430GMT.